What it all means for the UK
David Cameron was over in Brussels at the weekend, putting the finishing touches to a revised agreement with the EU.
He claims the UK will have “special status” if it chooses to stay in the EU.
But is that true? We take a look at what has been agreed and sum it up in about a minute.
Sovereignty – Cameron negotiated a commitment to exempt us from “an ever closer union”, meaning we will not be included in new measures that would further tie us to the rest of the EU in the future.
Money – The UK will not be required to fund Eurozone bailouts in future.
Competitiveness – The EU agreed to lessen red tape for British business by relaxing trade rules. It said it would “make all efforts to strengthen the internal market”.
Migrants/welfare – EU workers will not be able to claim in-work benefits in the UK for four years and tax credits will be phased-in over this time. This measure will be in place for the next seven years. Benefits sent home by workers to other EU countries will be linked to the cost of living in those countries. Newly arrived migrants will be banned from claiming jobseekers allowance for three months and if they still have not found a job after six months, will be forced to leave.