Safeguarding Britain’s interest  

Last Thursday I was fortunate enough to have a briefing from the Prime Minister with a dozen other MPs, before he left for the European negotiations later that evening. At that meeting David Cameron advised us of the approach he would be taking to safeguard Britain’s interest.  He committed to do everything possible to support European Treaty amendments providing he could gain protection of our Financial Services Industry.  Well over a million people are employed in this sector across all parts of the UK and it contributes billions to the Treasury in taxes.  Locally, the Welsh Government wants to create a Financial Services Enterprise Zone in Cardiff.  Protection of the sector was essential.  The UK is the world’s leading financial centre, ahead of New York, Singapore and elsewhere.  Some European nations wanted to introduce a Financial Services transaction tax, which would have...