Cameron refuses to lose EU rebate

DAVID Cameron refused to let go of Britain’s European Union rebate during 11th-hour talks in Brussels last night over the EU’s long-term budget.

The Prime Minister said it is “absolutely essential” to protect the £3.1bn rebate, which stems back to Margaret Thatcher’s time in power. EU leaders agreed a 3.7 per cent cut to spending in February, but politicians have been wrangling over details before giving the budget their consent.