EU rebate under threat - papers 8th June

clock

BRITAIN'S ANNUAL REBATE from the European Union appears to be under significant threat if this morning's papers are to be believed.

The Financial Times says the prime minister is coming under intense pressure to give up part of Britain's rebate to the EU budget as part of a deal that would see big cuts to European rural subsidies. The paper says Jean-Claude Juncker, prime minister of Luxembourg, will meet Tony Blair and French president, Jacques Chirac, over the next few days to try to hammer out a compromise deal before the EU summit on June 16-17.The FT claims Luxembourg, which currently holds the EU presidency, knows Blair will only move on the rebate if Chirac agrees to cuts in subsidies for his country's farmers...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •