The City of London Under
Threat
Bruges Group research shows that the EU’s proposed financial services
regulations are set to destroy thousands of well-paid jobs in the City of
London. These jobs – like those in manufacturing – will be forced out of the
UK; losing Britain many talented professionals. Almost certainly the financial
services industry will go to Asia.
The EU now threatens the long term prosperity of the City of London and, by
extension, the London and UK economies
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Taxpayers to lose £9.7
billion
British taxpayers will lose at least £9.7 billion due to rulings by the
European Court of Justice. These tax blows to the nation’s finances, coming at
a time when the Government is struggling with our huge national debt, could
have been prevented. However, Ken Clarke and his successor, Gordon Brown, as
Chancellor failed to act on advice to amend EU tax rules. Now the only option
to protect British tax law from EU interference is for the UK to regain its
freedom |
