British PM, David Cameron

BBC

The Brussels summit on the EU budget has ended without agreement.

EU leaders are taking a short break before returning to draft a statement on when to meet and what to do next. News conferences are expected later on Friday, sources at the summit say.

Hours of talks on the 2014-2020 budget failed to bridge big gaps between the richer countries and those whose economies rely most on EU funding, reports the BBC.

The UK said current EU spending levels must be frozen.