The UK will only pay half of a £1.7bn (2.1bn euro) bill demanded by the European Union, according to its finance minister George Osborne.
Brussels had handed Britain the budget surcharge based on new economic growth calculations, and told it to pay by the 1st December.
Critics of Mr Osborne are already questioning the maths used by him to claim after talks in Brussels that Britain's bill has been halved.
But he says the UK will pay £850m instead, and in two payments next year, without accruing interest from December.
IN: "I said….
OUT: ...for Britain."
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