Wednesday, October 31, 2012

EU Budget: Cameron Faces Commons Showdown

Prime Minister David Cameron faces an embarrassing Commons defeat later today when MPs debate the EU budget.

A rebellion is brewing on the Tory backbenches: eurosceptics want the budget cut, while the PM plans to go no further than to demand a real-terms freeze, an inflation-only rise of a little over 2% a year.

The budget will cover the period 2014 - 2020.