Who’s The Boss

Many Europhiles like to claim that we hairy backed, calloused knuckled Eurosceptic exaggerate the level of control that the EU has on us. Well in the area of financial services, we are most certainly doing no such thing. From a conference brochure:

Over 80% of UK regulations emanate directly from Europe and with the Financial Services Action Plan bringing harmonised regulations across the European Union, no firm in the UK can ignore its impact.

Europhiles, will no doubt continue to ignore its impact, claiming something or other, backed up by a few meaningless clichés.