Euroscepticism is David Cameron and Gene Hunt’s sole shared attribute. But, bequeathed a poisoned chalice at home, the EU is not a future Tory government’s immediate priority. Set-piece battles over rebates, defence procurement and the CAP can be avoided for a time, but skirmishes will be a regular occurrence. And some of these will be bloodbaths.
The first test comes in June, when EU finance ministers will consider hedge fund and private-equity firm regulation. There is no more contentious a topic. Recent European regulatory initiatives have impeded British financial services to the extent that even Brown and Miliband have taken note. It may be tempting to perceive a grand conspiracy against Britain, but the more likely explanation is that there is a profound disagreement over using tax as a regulation mechanism.
True to history, British interests are outnumbered: interventionism is in vogue.
Get Britain's best politics newsletters
Register to get The Spectator's insight and opinion straight to your inbox. You can then read two free articles each week.
Already a subscriber? Log in
Comments
Join the debate for just $5 for 3 months
Be part of the conversation with other Spectator readers by getting your first three months for $5.
UNLOCK ACCESS Just $5 for 3 monthsAlready a subscriber? Log in