Clegg Privately Furious at Cameron’s EU Move, Independent Says

Britain’s Deputy Prime Minister Nick Clegg is privately furious at Prime Minister David Cameron’s decision to remain outside a European Union pact to tighten budget rules, the Independent on Sunday reported.

Cameron last week refused to back a 27-nation pact without safeguards for London-based financial firms. Clegg publicly backed the Prime Minister’s stance, the newspaper said, citing a person familiar with the situation.

Clegg believes the move may hurt the U.K.’s relationship with the U.S., weaken protections for London’s financial district and threaten future foreign investment in the U.K., the Independent reported.

-- Editor: Francis Harris

To contact the reporter on this story: Svenja O’Donnell in London at sodonnell@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.