Cameron must take the correct lesson from Ukip’s rise

Nigel Farage, Founder of the UK Independence Party, claims a "sea of change in British politics" as UKIP Makes Big Gains in local elections. The UK Independence Party has made huge electoral gains and declared itself the "official opposition" - largely at the expense of the Tories - as Prime Minister David Cameron vowed to win back Conservative voters who had defected.

Proposals tabled early on Friday morning for Brussels budgets for the period 2014 to 2020 would slash the EU’s spending by £30 billion between 2014 and 2020 compared to current levels of spending, reports The Telegraph.

On the surface of it, David Cameron's announcement that the UK would hold a referendum on EU membership in 2015 may come as a shock.

Martin Wolf: Britain’s perilous austerity bunker: David Cameron’s “there is no alternative” speech last week on the UK economy has aroused much criticism. This is justified. The British prime minister’s arguments for sticking to the government’s programme of fiscal austerity were overwhelmingly wrong-headed….

Last Friday morning, there had been bacon rolls, an enormous pile of them – Nigel Farage's press officer gestured with his hand to show just how enormous – ready for the journalists who would assemble to watch the Ukip leader watch David Cameron's long-trailed speech on Europe.