Britain: David Cameron threatens to veto EU budget that is 'too high'

The Prime Minister said that the meeting in Brussels must squeeze EU spending for 2014 to 2020 further than was proposed last year.

The last budget summit, in November, ended in failure after France rejected a drive by Britain and Germany to cut overall EU spending.

Instead of arriving in a chauffeur-driven car as most leaders do, Mr Cameron made a point of walking to the summit venue in Brussels from the nearby British government office.

Speaking to reporters as he arrived, Mr Cameron said that the EU should experience the same sort of austerity as its member-states.

Read more: David Cameron threatens to veto EU budget that is 'too high' - Telegraph