|Oi, Cameron ... outside|
The Guardian is calling this EU "austerity" but shaving €32bn off a budget of almost a trillion euro to be spent by an organisation that hasn't signed off its own accounts for 17 years because of fraud and waste isn't what most people would call austerity. The Tory press are calling it a "victory".
As part of this "austerity", the French have secured an extra €1bn for Common Agricultural Policy (CAP) subsidies, making a mockery of numerous promises by Cameron and his cronies to demand CAP reforms. Off-budget expenditure such as building roads and bridges in poorer countries is protected.
Godfrey Bloom's best mate Martin Schulz MEP is leading the plot to block the reduced budget and has managed to secure a secret ballot on the budget allowing MEPs to vote against it without voters finding out how they voted.
Whilst any reduction in the amount of money the wasteful, corrupt EU gets to spends is a good thing, the UK's payments will actually increase thanks to the new rules agreed by Blair and continued by Cameron that continually reduce the rebate.