21st January 2013
The European Parliament today voted to approve new legislation aimed at restricting the influence of Credit Ratings Agencies (CRAs). The new laws will impose a rotation regime on certain categories of work and set a strict timetable for when and how often agencies may issue judgments of sovereign debt.
13th December 2013
I am bitterly disappointed that the Fox Amendment, which reduced the number of times that the European Parliament had to decamp to Strasbourg, has been ruled unconstitutional by the European Court of Justice (ECJ). The ECJ issued its verdict based on an appeal by France and Luxembourg against the Fox amendment this morning.
5th December 2012
I was delighted to hear in the Chancellor's Autumn Statement that the A30 is to be dualled at Temple, north of Bodmin. Dualling this stretch of road will improve communication links to Cornwall. This will help the Cornish economy grow.
27th November 2012
British Liberal Democrats and Socialists have let slip their ambitions to build a European superstate when they voted in favour of radical changes to EU election rules.
After much delay from the European Commission, the UK government can at last proceed with its rural broadband projects.
21st November 2012
The Prime Minister will be arriving in Brussels later this week for key talks on the EU’s next 7-year budget. With the European Commission demanding a 5% increase above inflation, these negotiations will be no easy feat. Net EU contributors, such as the UK and the Netherlands, want a freeze in the EU budget. Net EU recipients, such as Poland and Hungary, don’t want their precious regional cohesion funds to be reduced. France, meanwhile, certainly won’t let its farmers suffer a reduction in agricultural funding.
As part of the CAMRA (Campaign for Real Ale) campaign to scrap the Beer Duty Escalator I took the opportunity to visit the Uley Brewery near Dursley in Gloucestershire to meet with Ken Lush, the Head Brewer. Ken very kindly showed me around the brewery and explained the hard work that goes into making their excellent ales.
7th November 2012
Another year passes and the European Union still can’t get a grip on the way it spends our money. For an astonishing 18 years, the European Court of Auditors has been unable to give the EU a clean bill of financial health. This year the Court has estimated an error rate of 3.9% in the 2011 EU accounts – a rate that is increasing year-on-year.