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UK referendum ‘could scupper’ EU budget review

The midterm review of the EU’s seven year budget could be cancelled due to a fear of providing ammunition for British Eurosceptics campaigning to leave the union, according to sources quoted by the online news site EurActiv.

 EU officials are reluctant to produce policy recommendations to recalibrate the €960 billion EU Multiannual Financial Framework, as such proposals could coincide with the Brexit referendum, EurActiv reported on 12 January.

An unnamed EU official told the news site that the executive will hold its fire, and basically do nothing, because any new proposals would provide ammunition for the camp campaigning against the UK’s membership.

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