This will be worth watching! According to a financial newspaper I will not name because it refuses me permission to copy and paste despite my habit of always providing links, Dave Tin 'Iron-man' Cameron is going head-to-head with 'die neue Iron Lady', Frau Merkel. I know who my money's on! Dave has stated clearly (well, sort of) that he will not countenance any increase in the EU budget whilst Britain is (allegedly) cutting our own. If you detect a hint of doubt it arises from his actual words, “If there isn’t a deal that’s good for Britain, there won’t be a deal" and, of course, it's amazing how an increase in the EU's budget could be sold as a good deal for us, it's just a question of finding the right form of words. In the meantime, Frau Merkel has telephoned him and threatened to call off the the next EU budget meeting entirely if Britain is determined to veto any increase at all. Irresistible force meets immovable object! And the EU polit-bureau has warned Britain of massive amounts of incoming diplomatic brown stuff if 'Tin Iron Man' Dave puts a spoke in their well-oiled wheels. In the meantime, the Luftwaffe is preparing to drop its versionof the 'Bouncing Bomb' when it delivers Frau Merkel to London early next month for talks with Dave. Done deal, I reckon!
ADDITIONAL: However, this from Isabel Hardman at The Coffee House:
The problem for the German Chancellor is that if Cameron vetoes a deal, it will be good for him politically, but bad for Merkel as Germany will lose its rebate and therefore will have to contribute more. If that threat was supposed to worry Number 10, it doesn’t seem to have had the desired effect. The Prime Minister’s official spokesman said this morning:
‘We don’t see a case for increases in spending above the rate of inflation.’
This suggests that there could be a small increase in the budget that is below inflation. What is most likely is that an agreement is reached to freeze the budget, rather than Cameron vetoing any other deal. But it’s important for the Prime Minister to be clear that he’s keen for more veto moments to keep his party on side.