Cameron admits veto is no safeguard

Friday, 6th January 2012

The Prime Minister has finally admitted that his 'veto' during the last Brussels summit has done absolutely nothing to protect British businesses and the UK's financial industry.

When challenged on what safeguards he had secured for the UK during an interview on Radio 4's Today programme this morning, David Cameron said: "What I stopped was that if you have a treaty within the framework of the European Union that didn't have safeguards on the single market and on financial services, Britain would have been in a worse position.

He continued: "I am not making some great claim to have achieved a safeguard but what I did do was stop a treaty without safeguards. Is that clear enough?"

In response to his comments Nigel Farage, UKIP Leader, said: "As the smokescreen starts to clear it becomes obvious that the so-called 'veto' is no more than a fudge which will anger the British public.

"David Cameron has finally admitted that he has not achieved some great safeguard for British business - nothing has changed.

"It is also clear that he has no idea of the details of what is planned in Brussels for the new treaty, yet earlier this week the European Commission announced that both it and member states had forwarded proposed changes to the treaty.

"Cameron appears not to know this which shows he is totally out of the loop."