The first ever real-terms cut in the European Union's budget is good for the UK and good for Europe too.
After two days of talks, leaders agreed a budget 3% lower than the current seven-year period.
Full credit to the PM who built alliances across Northern Europe with the fiscal sensibles of the Dutch, danish and Germans.
Well done also to our own local MEP Martin Callanan who played a leading role in securing a good deal for the North East. The world must be going mad as even Labour agreed the PM did a great job.
Full details here: http://www.bbc.co.uk/news/uk-politics-21379667
