Finance & Trade

Study Finds EU Energy Policy Threatens U.K. Economy

August 20, 2014

A new study from the organization Business for Britain finds that EU energy legislation raises energy costs for U.K. companies and threatens a large number of jobs in the country's energy-intensive sectors.
U.K. Civil Servants Dispute Pro-EU Jobs Claim

August 20, 2014

A group of British civil servants and civil society representatives have disputed a claim by Chief Secretary to the Treasury Danny Alexander that three million jobs are connected to U.K. membership in the EU.
EU Announces Additional Funding to France

August 13, 2014

The Express reports that the EU has announced additional funding from its budget, funded by member states, to France for training and education to revive the country's struggling economy.
Elliott: EU Financial Tsar Would Be "Disaster" for U.K.

August 06, 2014

Matthew Elliott of Business for Britain writes that European Commission President Jean-Claude Juncker's plans for a powerful EU financial directorate would be "a call for Britain to accept flagrant economic self-harm."
Juncker Considers Establishing EU Financial Directorate

July 31, 2014

The Telegraph reports that incoming President of the European Commission Jean-Claude Juncker is considering creating a powerful financial directorate within the Commission, driving concerns within the U.K. that such a move would tilt authority to regulate the financial industry to a great extent toward Brussels.
German Courts Will Consider Legality of EU Banking Union

July 30, 2014

A group of academics have filed a complaint in the German courts alleging that the EU banking union and Single Supervisory Mechanism, set up to deal with failing European banks that are deemed risks to the European economy, are not permitted by EU law.
EU Will Investigate U.K.'s Immigration Measures

July 30, 2014

The European Commission has announced that it plans to investigate new immigration policies announced by U.K. Prime Minister David Cameron to, among other things, shorten the amount of time during which immigrants from other EU countries to the U.K. can receive out-of-work benefits.
U.K.'s Cameron Seeks Restrictions on Immigrant Benefits

July 30, 2014

British Prime Minister David Cameron is seeking laws that discourage EU immigration to the U.K., including halving the amount of time during which EU migrants in Britain can receive unemployment benefits to three months and limiting the number of U.K. jobs that are advertised across the EU.
Lithuania Will Adopt Euro Currency in 2015

July 30, 2014

The European Council has announced that it has adopted a decision authorizing Lithuania to join the euro in January 2015.
EU Council Adopts Regulation for Single Resolution Mechanism

July 23, 2014

The Council of the EU has adopted rules establishing a Single Resolution Mechanism that will place an EU board in control of dealing with failing banks using a single resolution fund.