Cameron Threatens to Veto EU Budget

British Prime Minister, David Cameron has said that he would veto the EU’s 2014-20 budget. Cameron when asked if he would veto the EU’s seven-year budget at a summit in November, he answered “The short answer is yes”, adding that “It would not be acceptable to see a huge increase in spending when budgets are being cut.
All 27 EU members are scheduled to meet next month to thrash out an accord on a 2014-20 one trillion euros ($1.26 trillion) budget proposed by the European Commission. Cameron has been at the forefront of calls to slash at least 100 billion euros from the budget, to match in part the cuts many states have adopted to balance their finances and face up to the eurozone debt crisis. A veto by non-euro Britain would put the budget back on the starting blocks.