Subscribe to The Spectator

Saturday 26 May 2012

Latest issue

Buy the current issue

Jobs at Telegraph

Saturday, 3rd April 2010

A battle with the EU may be closer than you think

David Blackburn 5:00pm

Euroscepticism is David Cameron and Gene Hunt's sole shared attribute. But, bequeathed a poisoned chalice at home, the EU is not a future Tory government's immediate priority. Set-piece battles over rebates, defence procurement and the CAP can be avoided for a time, but skirmishes will be a regular occurrence. And some of these will be bloodbaths.

The first test comes in June, when EU finance ministers will consider hedge fund and private-equity firm regulation. There is no more contentious a topic. Recent European regulatory initiatives have impeded British financial services to the extent that even Brown and Miliband have taken note. It may be tempting to perceive a grand conspiracy against Britain, but the more likely explanation is that there is a profound disagreement over using tax as a regulation mechanism.
 
True to history, British interests are outnumbered: interventionism is in vogue. A fortnight ago, the European parliament voted in principle for a Tobin tax. The victory was total - only the Tories' ECR group and a handful of sane rebels opposed it. Asset management is the next target, and 80 percent of firms are based in London. The Luxemburg Principle – a convention designed to protect ‘vital national interests’ with an unofficial veto – should apply. But you cannot trust in convention amid prevailing European opinion.

Europe is treacherous ground and it pays to fight sparingly. In an excellent article, The Economist argues that discretion is the better part of valour, and, generally, I agree. There are no garlands for the victor of the truffle quota ; they crown obdurate governments that preserved ‘vital national interests’.

Filed under: Conservatives (2312 more articles) , David Cameron (1913 more articles) , Europe (752 more articles) , UK politics (5407 more articles)

Blogs: Martin Bright | Susan Hill | Alex Massie | Melanie Phillips | Faith Based | Cappuccino Culture

Actions: Email to a friend  |   Permalink   |   Comments (35) | Subscribe

Post this entry to:   del.icio.us | Digg | Newsvine | NowPublic | Reddit

Comments Post comment

Ex-Tory voter

April 3rd, 2010 5:16pm Report this comment

This comes as no surprise to those of us who feel we are better off out. We actually have very little in common, whether in ideology, culture or laws, with Europe in general or the EU in particular. Dave should offer us that referendum now.

Grenville

April 3rd, 2010 5:33pm Report this comment

Yes. We should just leave Europe.

Jask

April 3rd, 2010 5:42pm Report this comment

Better off out

Publius

April 3rd, 2010 5:44pm Report this comment

I detect, in that Economist piece and elsewhere (for example, today's Telegraph), a partly veiled attempt by the EU to influence the outcome of our election. They daren't be too blatant. But this is blatant enough.

Man With A Very Hot Bladder

April 3rd, 2010 5:56pm Report this comment

I believe that the Tories have no intention whatsoever of offering any sort of referendum on the EU.

Pat

April 3rd, 2010 6:27pm Report this comment

Publius may be right- but unless the EU actually want us to leave, they're got a funny way of going about it.

TomTom

April 3rd, 2010 6:31pm Report this comment

Cameron should avoid conflict with the EU over trivia and accept - even gold-plate - regulation of unregulated pools of capital aka "hedge" funds which do not in fact, hedge. Then he should accept EU regulation of banks.

Britain failed to regulate and caused the global disaster. It should however move to oppose an EU Government for Economic Affairs

Lord Boyders

April 3rd, 2010 6:49pm Report this comment

To the man with the very hot bladder: you should get this looked at, or maybe just leave the country for a month.

Richard

April 3rd, 2010 6:56pm Report this comment

The tories are backed into a real hole over Europe. Should they get a narrow majority,
the main land will push them into a vote on Europe. When the people demonstrate that the majority want to stay, the tories will find themselves having to go the country again.... almost on a confidence vote.
Europe and Tories always spell problems.

Break out the tweed Deerstalkers and buy a black lab......chaps.

SUSAN HILL

April 3rd, 2010 7:01pm Report this comment

I am a betting person. I would put almost any money on Cameron never ever offering a referendum if he happens to come to power. I would put what was left on our never ever leaving the EU. We`re stuck with it simply because, all other things being equal which they are not, extricating ourselves would cost a huge amount of money. And we do not have a huge amount of money.

General Zod

April 3rd, 2010 7:05pm Report this comment

I favour a French approach to EU membership - implement Directives when we feel like it and enforce according to our discretion. It works for them and offers the ideal relationship with the EU: one which works only in favour of the French.

Jean Monnet

April 3rd, 2010 7:30pm Report this comment

If Mr Cameron were a eurosceptic, he would be polling in the high 40s or even 50s.

Yow Min Lye

April 3rd, 2010 7:32pm Report this comment

"Europe is treacherous ground and it pays to fight sparingly."

Or alternatively, if a Euro-diktat is not to our liing we just say to the others 'you do it if you want to, but Her Majesty's government is having none of it'.

End of!

Mazza1230

April 3rd, 2010 7:37pm Report this comment

@Richard "Break out the tweed Deerstalkers and buy a black lab......chaps"

If the threat from the EU weren't so serious I could find Richard's asinine observations amusing.

What is obvious is that he and others of his kind are simply ignorant of the danger posed by the EU to the wealth creating ability of the CITY.

The winner of the General Election must as a matter of priority prevent any further hamstringing of Britain's financial services industry.

The FSA has proved itself to be hopelessly inadequate in this regard.

oldtimer

April 3rd, 2010 7:46pm Report this comment

At the start of the Economist article they quote some extremely rude remarks by the German "elite" about Cameron and the Tories. This would not seem a sensible way for the EU power brokers to proceed unless they are indeed spoiling for a fight. Cameron would not politically survive such an attack unless he fought back.

In the meantime any attempts by the EU to try influence the election will only play into Tory hands.

Holly ......

April 3rd, 2010 7:54pm Report this comment

Conservatives ahead.
Drag up the EU or terror threat.
Boring,boring,boring.
NEXT!!!!!

Chris

April 3rd, 2010 8:02pm Report this comment

If Cameron doesn't manage to keep the europhobes quiet, he'll be heading for the same pathetic performance as Howard and Hague. Despite the vocal desires of a tiny minority, the British people won't vote for an anti-Europe party.

Dorothy Wilson

April 3rd, 2010 8:38pm Report this comment

There's an interesting article on Der Spiegel's International site. Der Spiegel/International/Europe, then scroll down to "How European is Angela Merkel: Chancellor Abandons Germany's Post-War EU Policy". The second page in particular is worth reading.

Athesius the Facilitator

April 3rd, 2010 8:41pm Report this comment

Richard(Ed Balls). I know a Labour supporter who wears a Deer Stalker and has a black Labrador and a fine chap he is too.

HairyNoddy

April 3rd, 2010 8:49pm Report this comment

Man With A Very Hot Bladder: correct, William Hague explicitly ruled out a referendum on membership of the EU in an interview on Sky just a week or two ago.

Fergus Pickering

April 3rd, 2010 8:52pm Report this comment

I go for the French approach. It works for them.And pray for the collapse of the Euro.

Snowman

April 3rd, 2010 9:36pm Report this comment

In the unlikely event that Dave forms the next Government the EU would be his grave.

TGF UKIP

April 3rd, 2010 10:03pm Report this comment

If the weaselly Economist argues it, it's got to be wrong. Ever since Mrs T departed, British European policy has been conducted on a "discretion is the better part of valour" basis and look where we've ended up.

In th still unlikely event of Dave actually forming the next governemnt nothing is more certain than the Frogs, Krauts and Sprouts being all over him like a rash.

Forget all the domestic debt problems being the priority, guff. It will be "Events dear boy, events" and bloody great euro events at that.

2trueblue

April 3rd, 2010 11:53pm Report this comment

Definitely we should take the French route, do a we like, and when we like. If the euro collapsed our bill would be less.

What an idiot Bliar was to give back our rebate and then agree payment in euros. A total moron.

He (Bliar) seems to be doing very nicely for himself and we pay £6m p.a. for his security.

HFC

April 4th, 2010 1:04am Report this comment

SUSAN HILL
April 3rd, 2010 7:01pm

"I am a betting person. I would put almost any money on Cameron never ever offering a referendum if he happens to come to power. I would put what was left on our never ever leaving the EU."

Ah yes, Susan. Remember you failed to pick Imperial Commander for the Gold Cup, neither did you back Baby Run in the Foxhunters. Did you manage to back Pipette, Aldovrandi and Shamwari in the first three races at Kempton today? I did and I've put a few bob on Schumacher to get on the podium tomorrow. Happy days.

Now I think you should get some money on an EU referendum within 24 months of Cameron taking over...

HFC

April 4th, 2010 1:13am Report this comment

Oops. Did I say Ascot? It was Kempton, of course.

Major Plonquer

April 4th, 2010 3:49am Report this comment

As always I agree with Richard. How dare the Tories even think about the will of the British people and stand up for our rights in Europe. No!

The Tories should take a lesson from Labour and Gordon Brown and courageously give in to our EU masters. Look at the courageous way Brown signed away our sovereignty in Lisbon. He rightly refused to be photographed signing our fate away. Instead he snuck in the back door like a real thief in the night and signed our sovereignty away by stealth.

5 MORE YEARS!

Major Plonquer

April 4th, 2010 4:00am Report this comment

If it comes down to a choice between the EU and the bankers, I'll take the latter.

Only the EU could make the bankers look good.

The Laughing Cavalier

April 4th, 2010 7:40am Report this comment

A Conservative government should start by clawing back the rebate that was given away so cynically and disgracefully by the grinning charlatan.

JohnPage

April 4th, 2010 10:04am Report this comment

Euroscepticism is David Cameron and Gene Hunt's sole shared attribute.

Nothing like putting your duff assumption in the opening sentence.

In what sense do you consider cast-iron Cameron to be a eurosceptic?

Ghengis

April 4th, 2010 11:34am Report this comment

What it really comes down to is, one cess pit in Brussels wallowed in by corrupt MP's each one's time spent guarding his/her own dishonest activities, and another identical Parliament at Westminster. Both are bankrupt.

Jack R

April 4th, 2010 2:07pm Report this comment

Unfortunately, the Tories, along with Labour, and Lib Dems, lobby for the entry of 75 million Muslim Turks into the E.U.

david morris

April 4th, 2010 5:56pm Report this comment

John Page - Beat me to it.

"Call me Dave" a Eurosceptic ?

Shome mishtake shurely.................

Osred

April 4th, 2010 6:30pm Report this comment

A permanent and increasing trade deficit with the EU.

A permanent and increasing rate of contributions to the EU.

A permanent and increasing rate of rules and regulations dictated by unelected, unknown nonentities.

A permanent and increasing burden of costs to individuals due to the CAP, energy, and consumables' tariffs etc etc.

A permanent an increasing rate of people to whom we must pay benefits, house and employ.

And we mustnt 'battle' this? - we mustnt compain (makes us bad Europeans)? - we mustn't expect a vote on any of this?

What spinelessness from the Spectator and the Tories. What unbelievable cowardice and treachery. What contempt you have for the capabilities of its population who, by implication and statement by Euroloons, are incapable of renegotiating the relationship in a balanced considered manner, are incapable of running our own affairs without the crutch of a parasitical, undemocratic EU Commission.

Shame on you all.

Tim Carpenter LPUK

April 5th, 2010 8:01am Report this comment

Declare that the UK will veto it, unilaterally if necessary. EU in a tizz.

Make the EU be the aggressor, with the UK just asserting sovereignty. Fine us? How? We are a net contributor. Withhold funds.

If Alex Salmond moans (about threats to subsidies), let Edinburgh implement the rules and watch the business head to London.

Post comment

Back to top

Cartoons

Tag Cloud

Coffee House archive

sponsored links

Spectator recommends

Spectator classifieds

THE PRESENT FINDER

1,700 Unusual Christmas Presents Request Catalogue 01935 815 195 Quote SPEC10 for 10% discount www.presentfinder.co.uk

OLIVE BRANCH FLORISTS

Pimilco based Florist with online ordering Web: www.olivebranch.net Tel: 020 7630 1868 Fax: 020 7233 8844

RUFFS Bespoke Signet rings

62 Shore Road, Warsash, Southampton, SO31 9FT Telephone: 01489 578867 Web site: www.ruffs.co.uk