"Despite the fanfare, the deal that David Cameron has made in Brussels on Britain’s relationship with the EU is a sideshow, and the changes he has negotiated are largely irrelevant to the problems most British people face and the decision we must now make," Corbyn said in a statement published on the party's website.
According to the politician, Cameron’s priorities in the talks with Brussels were to appease his opponents in the ruling Conservative Party.
"He has done nothing to promote secure jobs, protect our steel industry, or stop the spread of low pay and the undercutting of wages in Britain. Labour’s priorities for reform in the EU would be different, and David Cameron’s deal is a missed opportunity to make the real changes we need," Corbyn stressed.
The Labour Party will campaign for the United Kingdom to remain in the European Union because membership of the bloc brings investment, jobs and protection for UK consumers and workers.
Cameron pledged to hold a referendum on the issue of Britain’s EU membership as part of his party’s campaign during the general elections in May 2015.
Cameron said he managed to negotiate the country being exempt from the EU “superstate” principle, the introduction of tough restrictions on access to the UK welfare system for European migrants, protection for its economy and rejection of the euro as the bloc's official single currency.