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No 10 seeks EU budget freeze

The Government is seeking "at best a cut, at worst a freeze" in the European Union budget negotiations this week, No 10 has said. The CBI president has urged ministers not to forget "our old friends in Europe".

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Miliband: 'Reform EU to make it work for Britain'

Ed Miliband will tell business leaders that it is right to press for reform in some areas while remaining "passionate" that membership of the Union is firmly in the national interest.

Ed Miliband will tell business leaders Britain must not leave Europe Credit: Dave Thompson/PA Wire

Quitting the EU would leave Britain "competing on low-wages and low-skills, an off-shore low-value economy, a race to the bottom", pushing the economic, political and strategic case for membership, he told the The Sunday Telegraph.

Crises in the eurozone, soaring unemployment, and a budget more suited to the 1950s than the 21st century had however shaken confidence in the Union.

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