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

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.