Future EU spending is set to increase, focusing marginally less on agriculture and more on research, education and transport, according to European Commission proposals for the next seven-year budgetary period (2014-2020).
The draft budget also includes controversial proposals for EU 'own resources', including a tax on financial transactions and an EU-wide value-added tax (VAT).
Presenting the document in Brussels late on Wednesday evening after an all-day negotiation with colle...
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