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Sunday Activity

He and his Chancellor George Osborne


have insisted the veto was in part to protect the City of London from excessive intervention by Europe, but Labour and the UK Independence Party have both warned that actually no additional safeguards for it were achieved.

UKIP leader Nigel Farage said the City was “under very serious threat” of “retribution”, adding: “Every time the bond markets twitch I can see the finger being pointed at those awful Anglo Saxons in the City of London.”

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Asked about Labour’s allegation that Mr Cameron did not genuinely want to reach a deal in Brussels, Lord Oakeshott told the BBC’s Politics Show he believed “a walk-out quite suited him”.

Former Lib Dem leader Lord Ashdown told the Observer the veto had “tipped 38 years of British foreign policy down the drain”, but the coalition government must survive.

Mr Cameron will make a statement in the House of Commons on his decision on Monday.

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