UK may veto EU budget

British Prime Minister David Cameron said on Friday he would veto the EU’s 2014-20 budget if it included increases in spending at a time when member state budgets are being cut.

By (AFP)

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Published: Sat 20 Oct 2012, 11:18 PM

Last updated: Tue 7 Apr 2015, 12:28 PM

“The short answer is yes,” Cameron said when asked if he would veto the EU’s seven-year budget at a summit in November, adding that “we can’t have EU spending going up and up.”

“It would not be acceptable to see a huge increase in spending when budgets are being cut,” he said.

All 27 EU members meet next month to thrash out an accord on a 2014-20 €1 trillion ($1.26 trillion) budget proposed by the European Commission.


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