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Britain wants cut in European Union's budget

Published on Nov 1, 2012 5:22 PM
 
Chancellor of the Exchequer George Osborne delivers his speech during the second day of the annual Conservative Party Conference at the ICC in Birmingham, central England in this Oct 8, 2012 file photo. Britain threatened on Thursday to veto any deal on the European Union's budget that would not be good for the British taxpayer. -- PHOTO: AFP

LONDON (REUTERS) - Britain threatened on Thursday to veto any deal on the European Union's budget that would not be good for the British taxpayer, a day after a humiliating defeat in Parliament undermined Prime Minister David Cameron's authority.

The vote - Mr Cameron's first significant defeat in Parliament since taking power in 2010 - could strengthen his position at budget talks in Brussels this month, as he would be able to say his hands were tied by the British Parliament.

"We want a cut in the EU budget," Finance Minister George Osborne told BBC Radio 4. "We are at the beginning of a negotiation. Let us see where that negotiation leads."

The second most powerful man in the British government repeatedly refused to be drawn on whether he thought securing such a cut was possible or not.

 
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