MEPs have voted overwhelmingly rejected the budget compromise that was agreed 5 weeks ago.
MEPs reject EU spending cuts and demand extra £1.7bn from British taxpayers - TelegraphFive weeks ago, at a marathon 32-hour Brussels summit, David Cameron secured a reduction in long-term European spending plans, the first in the EU's history.
The Prime Minister hailed the EU cuts as the implementation of long overdue austerity in Brussels at a time when national governments were cutting back on spending.
MEPs vote against EU budget plans | BreakingNews.ieEuro-MPs this afternoon challenged EU leaders to drop their austerity budget plans for Europe and boost spending for the next seven years.
This is going to be problematic for the UK in that this compromise was reached at the insistence of Cameron. Additionally, the UK may lose it's veto.
MEPs reject EU spending cuts and demand extra £1.7bn from British taxpayers - TelegraphAdditionally, MEPs have demanded a "compulsory, legally binding and comprehensive revision" of EU spending cuts in 2017 that could restore expenditure by a vote of Europe's leaders, stripping Britain of its veto.
It seems they may be forcing the UK out of the EU. This is not going to sit well in Britain.
The EU has also demanded that new taxes be assessed to fund the EU buget.
Most controversially, and without any prospect of agreement, MEPs have demanded that the EU create new taxes to fund the Brussels budget.