David Blackburn

Hague and Cameron are vindicated for leaving the EPP

Hague and Cameron are vindicated for leaving the EPP
Text settings
Comments

Daniel Hannan breaks the, sadly, not very surprising news that MEPs have voted overwhelmingly in favour of an EU Tobin tax. The margin: 536 to 80. Only the European Conservatives and Reformist group and a handful of radicals opposed the motion. The EPP, which describes itself as ‘centrist’, voted uniformly in favour. Cameron was right to withdraw from a grouping whose interests are at odds not only with British Conservatives but with Britain itself: a tax on all financial transactions would castrate the City.

What does this division mean for Britain? On the face of it not a lot: anyone of the member governments could veto it. However, many European governments, including our own, seem alarmingly pro the measures. Together with yesterday’s rumblings about a European Monetary Fund, itself reliant upon a further treaty and yet more invasive EU economic management, the steady creep of EU federalism continues.

The prospect of a debate about Britain’s economic relationship with the EU and the eurozone is becoming increasingly imminent. This is an opportunity for Cameron to threaten what Brussels fears most: the trenchantly eurosceptic British people at the ballot box.