David Cameron 'would veto' EU budget

David Cameron: "People in Europe know I mean what I say. They know I'm capable of saying no"

Prime Minister David Cameron has said he would veto a new European Union budget "if necessary".

The EU is beginning negotiations on its next budget for 2014 to 2020.

Mr Cameron also told the BBC that in the longer term the EU should have two different budgets - one for countries in the eurozone and one for those outside the single currency.

Last year Mr Cameron vetoed an EU-wide treaty to co-ordinate budget policies and impose penalties on rule-breakers.

Speaking on the Andrew Marr show, on the first day of the Conservative Party conference, Mr Cameron said experience showed that "people in Europe know I mean what I say".

"I sat round that table - 27 countries, 26 of them signing up to a treaty and I said, 'This is not in Britain's interests, I don't care how much pressure you put on, I'm not signing, we're not having it.'

"They know I'm capable of saying no and if I don't get a good deal I'll say no again."

He said he would block talks if "massive increases" in the budget were proposed or if a deal that "does not have proper control" was put forward.

Two budgets

The prime minister said the EU budget was a "classic example of where we should probably start to draw new lines".

"There will come a time I believe where you're going to need to have two European budgets - one for the single currency, because they're going to have to support each other much more, and perhaps a wider budget for everybody else."

He added that he did not think this would be achieved this time but it was an indicator of the way Europe is going.

Mr Cameron also said he favoured a referendum on a renegotiated role for Britain in the EU but once again ruled out holding a simple Yes or No vote on Britain's membership.

"The fact is, I think most people in our country don't actually want to leave the European Union or just accept how it is at the moment. They want to change it."

More on This Story

The BBC is not responsible for the content of external Internet sites

More Business stories

RSS

Features & Analysis

  • Martin Gardner as a young manThink hard

    Was this man the world's greatest puzzle master?


  • Carved pumpkinTrick or treat

    What did a riot at a pumpkin festival show about race in US?


  • A man in a biohazard suit decontaminates a handrail at a Dallas train station.'Dark continent'

    Is prejudice fuelling Ebola outbreak hysteria in the US?


  • Oscar de la Renta and Oprah WinfreyIn pictures

    The life and work of Oscar de la Renta


Elsewhere on the BBC

  • FutureThe future is now

    Get the latest updates and biggest ideas from BBC Future’s World-Changing Ideas Summit

Programmes

  • Smart glassesClick Watch

    Smart spectacles go into battle – the prototypes looking to take on Google Glass

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.