Mr Cameron is understood
to be interested in Brussel's longer-term plan of a separate spending
programme for the eurozone, with UK and European officials considering a
compromise that would see the EU budget split in two -- marking a
further acceleration towards a divided Europe.
"This idea is gaining
momentum," said a British official. "It could mean restraint in the
overall EU budget but still provide eurozone countries with more funding
from Brussels to support restructuring measures."
As the Conservative party
gathers for its annual conference in Birmingham, Mr Cameron is being
urged by ministerial colleagues to relive his "veto moment" of last
December, when he won plaudits in Britain for opposing an EU fiscal
pact.
A move to veto the budget
could be politically attractive to Britain, as it would allow Mr
Cameron to argue that the UK was not propping up the eurozone. The UK is
also suggesting moving to a five-year budget because of economic
uncertainty.
Mr Cameron had hoped for
French and German support, but British diplomats fear the November
summit could turn into a classic confrontation between London and most
of the rest of the EU.
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