#AceFinanceNews – LONDON – Nov.07 – Chancellor George Osborne’s claim that the UK will have to pay only half of a £1.7bn EU budget surcharge has been challenged by his opponents BBC News reported.
He said the UK would make two payments next year totalling £850m instead of a larger lump sum by December after the UK’s annual rebate was factored in.
Mr Osborne argued the deal reached on Friday was a “result for Britain”.
But UKIP said the UK would still pay the full sum and Labour said Mr Osborne was “taking people for fools”.
The BBC’s Political Editor Nick Robinson said the agreement would be carefully scrutinised amid claims by opponents and analysts that it did not add up.