That is what Parliament voted for last year when Tory eurosceptics united with Labour to defeat the government. That is what David Cameron's advisers believe he may soon be able to say he's achieved.
Although no deal has yet been done the numbers currently being discussed for the next seven year EU budget are more than 30 billion euros (£25.5bn) lower than the one it will replace.
It has been a long and dull night for the prime minister.
He and the 26 other EU leaders left the Brussels negotiating table at around 12.30 in the morning and were only called back about six hours later. .
Besides a brief meeting with Germany's Chancellor Merkel and France's President Hollande there was not a great deal - beyond I'm told a supply of espressos, haribos, and fruit - to fill the small hours as Brussels negotiators put pressure on other countries to accept a squeeze.
As in any negotiation nothing is agreed until everything is agreed and the signs are that there is still a way to go before Europe's leaders sign on the dotted line.
Even if a deal is done with a headline cut to the EU budget there will be much to scrutinise
AARTI
PGDM 2nd
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