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French threat to UK rebate as EU budget talks collapse

France renews its threat to Britain’s European Union budget rebate after talks on Brussels spending ended in failure.

by Bruno Waterfield and James Kirkup, The Telegraph:

As the EU summit broke up amid British demands for cuts, François Hollande, the president of France, signalled a fresh attempt to cut the £3 billion UK budget rebate when talks resume next year.

David Cameron accused some EU leaders of trying to isolate him in the talks, saying that only the support of allies such as Germany had allowed him to defeat “attempts to put the British in a box and do a deal without them”.

At a press conference, Mr Hollande criticised Mr Cameron over his defence of the rebate, won by Margaret Thatcher in 1984 to compensate Britain for its high payments to farm subsidies that benefit French farmers.

Read More @ Telegraph.co.uk

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