Prime Minister David Cameron said he protected Britain's European Union budget rebate from proposed cuts but predicted efforts to cut the rebate will persist. "I have successfully defended the rebate, but I will have to go on doing so in future discussions," Cameron said after EU budget talks broke down this week in Brussels, Belgium. French President Francois Hollande said after the talks ended he would support future efforts to cut Britain's rebate, an idea proposed by EU President Herman Van Rompuy. Britain's rebate was put into place during former Prime Minister Margaret Thatcher's era, due to high payments Britain makes to support French farmers in the EU's subsidy system. Taking away the rebate would cost Britain about $4.8 billion between 2014 and 2020, The Daily Telegraph reported Saturday. Hollande told reports this week Britain, "through its rebate, has contributions below those of France. He (Cameron) put forward protection of his rebate and his refusal to contribute further."
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor