UKIP: The EU gains control over the City

The UK has just lost control of it's major export industry, The City. The recent decision to create the three European "super regulators" means that control has passed abroad, never to return.

"Poul Nyrup Rasmussen once told me that "We do not like your Anglo Saxon way of doing business" and insisted that he would stop us." said Nigel Farage, UKIP leader. "And now they have.

"It might not look like much, three "super regulators", but it's the beginning of the end for The City as the global centre for finance and innovation. This is purely the politics of beggar they neighbour. The EU's own report said that hedge funds had nothing to do with recent problems but they've decided that they shall cripple them anyway, even that 80% of the entire European market that is based in London and well regulated by us already.

"This is simply an all out attack from the Continent based upon pure jealousy of one of our most successful industries. Unable to create their own globally competitive financial markets they've decided therefore to cripple ours."