Brussels Blocking British Banker Bashing

On the day the German Finance minister Wolfgang Schäuble declared war on the City of London by announcing the EU will take “a global lead in introducing a financial transaction tax to curb speculative trading”, maybe the left will finally have something to get angry about in regard to the EU’s stranglehold over the UK’s sovereignty…

Emily Nomates, formerly of this parish, has got hold of Treasury documents over at CityAM that show “UK authorities are currently locked in fractious negotiations with Brussels” over the whether the plans set out in the Vickers Review are legal under new EU capital rules. The whole story is here but essentially the Treasury suggest their plans to reform the banking sector are being blocked from above.

Maybe the occupiers should target Brussels for letting the bankers off…




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Andrea Leadsom told BBC Radio 4’s Today

“He’s made his views on Brexit on the record, and the problem with that of course is that the chair’s impartiality is absolutely essential. … He’s made his views known on Brexit… it’s a matter for him but nevertheless it’s a challenge and all colleagues need to form their own view of that.”

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