Ed Balls on EU bill: 'Not a single penny saved'

Name: Ed Balls on EU bill: 'Not a single penny saved'
Uploaded: 2014-11-08T12:58:40.000Z
Duration: 1 min 54 s
Description: George Osborne has defended his claim that the UK's £1.7bn EU budget surcharge had been halved, but speaking to the BBC, shadow chancellor Ed Balls insisted "not a single penny" had been saved for the UK.

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George Osborne has defended his claim that the UK's £1.7bn EU budget surcharge had been halved, but speaking to the BBC, shadow chancellor Ed Balls insisted "not a single penny" had been saved for the UK.

Mr Balls also accused the government of "letting Britain down".

The UK will pay £850m in two interest-free sums next year, instead of £1.7bn by 1 December, after an EU rebate due in 2016 was apparently brought forward.

8 November 2014