UK PM says "quite prepared" to veto EU budget

LONDON Oct 31 (Reuters) - British Prime Minister David Cameron said on Wednesday he was prepared to veto any European Union budget deal that might be agreed at a summit next month if he was not satisfied with the outcome.

"This government is taking the toughest line in these budget negotiations of any government since we joined the European Union," Cameron told parliament.

"At best we would like it cut, at worst frozen, and I'm quite prepared to use the veto if we don't get a deal that's good for Britain," he said.