David Cameron is insisting that there is more work that needs to be done on the draft deal for Britain’s relationship with Europe published by Donald Tusk today. But here are the key points about that draft deal so far:
1. Cameron has got a weaker benefits deal. As explained here, the Prime Minister has not got his four year ban on in-work benefits for migrants that he originally set out to get, nor has he got the ‘emergency brake’ that he was pushing for over the weekend. Instead, Britain will be able to limit in-work benefits for new EU migrants over a four year period, starting with no benefits at all, and gradually increasing the payments so that by the end of the four years, the worker is fully eligible.
2. Britain will still be protected from bailouts: the economic governance section of the document says ‘emergency and crisis measures addressed to safeguarding the financial stability of the euro area will not entail budgetary responsibility for Member States whose currency is not the euro, or, as the case may be, for those not participating in the banking union’.
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