The shape of things to come

First-ever cut to EU’s long-term budget.
Commitments and payments
Was everyone a winner?
Energy, telecoms and transport take a hit
The CAP gets leaner, but not greener
A budget that promotes growth?
Member states find it tough to cut back administrative spending
Denmark the big winner from rebate negotiations
Small increase in aid funding
MEPs threaten to derail budget deal
Member states will need to be flexible

Just before daybreak on Friday (8 February), the leaders of the European Union’s member states emerged from 15 hours of negotiations with a deal on the headline figures of the EU’s next long-term budget: spending commitments in 2014-20 are not to exceed €960 billion, they decided. They capped actual payments at €908bn.

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