Reuters: US Dollar Report: UK says difficult to reach deal on EU budget in Nov

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UK says difficult to reach deal on EU budget in Nov Oct 30th 2012, 13:17 LONDON | Tue Oct 30, 2012 9:17am EDT LONDON Oct 30 (Reuters) - Britain said on Tuesday that it will be tough to reach an agreement on the European Union budget next month. Prime Minister David Cameron, under pressure at home to demand a cut in the 2014-2020 budget, has said he will accept nothing less than a freeze in real terms at a summit on Nov. 22-23. "It's going to be difficult to reach agreement," Cameron's spokesman told reporters. "There are different positions around the table and there's no doubt that this is a challenging negotiation. "We're going into that negotiation with good intentions. We want to reach a deal but it needs to be a deal that we find acceptable and that's in our country's interests." Britain, a net contributor to the EU budget, has argued that restraint should be shown in Brussels at a time of austerity across Europe.

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