Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Cameron suggests he wants EU referendum next year

Published 18/12/2015, 15:16
© Reuters. Britain's PM Cameron reacts during a news conference after a European Union leaders summit in Brussels

BRUSSELS (Reuters) - Prime Minister David Cameron gave his strongest suggestion yet on Friday that he hopes to hold a referendum on Britain's membership of the European Union in 2016, before a self-imposed two-year deadline.

The timing of the referendum, to decide whether Britain stays in the EU, is sensitive. The longer the vote is delayed, the longer there will be uncertainty over the future over the EU and Britain, including in issues such as trade.

Cameron said on Thursday he had secured a pathway to agreement on his renegotiation to win Britain better terms of membership of the EU, something he said he needed to convince increasingly sceptical voters to stay in the 28-member bloc.

At a news conference, he said: "I believe that 2016 will be the year we achieve something really vital, fundamentally changing the UK's relationship with the EU and finally addressing the concerns of the British people about our membership."

But he also said: "I've set the deadline for the referendum for the end of 2017. I've always wanted to give myself time to get this right, what matters is the substance."

Earlier this week, Britain's Europe Minister David Lidington said it would take about 16 weeks from the time a date for the referendum is announced, to the vote taking place.

© Reuters. Britain's PM Cameron reacts during a news conference after a European Union leaders summit in Brussels

A deal at a February summit of EU leaders could therefore pave the way for a vote in June. British media have reported Cameron favours holding it before the summer, in case there is a repeat of this year's migrant crisis which polls show dented public support for the bloc.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.