EU, Britain battle over big extra budget payment
World BusinessNov 7, 2014
BRUSSELS (AP) -- Britain is steadfast in its refusal to pay an extra 2.1 billion euros ($2.7 billion) to the European Union budget by next month, setting up a clash with EU officials at a meeting Friday.British Treasury chief George Osborne said before the gathering of EU finance ministers that the demand remained ``unacceptable.'' A recalculation of EU budget contributions has seen Britain's share grow this year. But the scale of the increase was a surprise.The standoff comes at a time of growi