UK financial services is now a clear EU target

We lost out lock, stock and barrel, leaving the UK financial services sector looking very exposed to attack from those who believe that its free-market 'Anglo-Saxon' approach to regulation and market behavior lies at the heart of the financial crises of the last two years.The upshot of the government's mishandling of the discussions about the distribution of key EC portfolios is that the UK is in the weakest position in the EU since it joined in 1973. It all started with the misguided promotion of Tony Blair as a candidate for the new post of permanent president of the commission. A surv...