Fiscal agreements loom large in EU discussions

In a document titled ‘A vision for the Single Market in the 21st Century’, the Treasury and DTI outline UK proposals feeding into an ongoing review of the Market being carried out by the European Commission (EC). Among these is the idea because of globalisation, no country can afford to develop fiscal policy in isolation of others’ needs. The view is put forward as part of the commitment to the Lisbon Strategy for jobs and growth signed up to in early 2000, which, the document says means “the EU has already agreed and implemented the necessary tax measures to help create an effective an...