Cameron didn’t sign EU deal because it’s not in the interests of the one per cent

David Cameron’s cowering reliance on the City was exposed for the world to see this morning when he vetoed a treaty change to save the eurozone because of his unsurprising unwillingness to bring the City to heel with a progressive, redistributive Financial Transaction Tax.

Watch Cameron’s remarks early this morning, in which he claimed ”what is on offer isn’t in ~~the one per cent’s~~ Britain’s interests”, here. His refusal to sign up to a full treaty was described as “unacceptable” by French President Nicolas Sarkozy, with German Chancellor Angela Merkel calling Cameron’s alternative proposal a “rotten” compromise.

Nicolas-Sarkozy-David-Cameron-Angela-Merkel
Cameron’s siding with the one per cent, with the fat cats who, lest we forget, got us into this mess, should come as no surprise. As we reported earlier this year, Tory dependence on the City doubled from when Cameron became Tory leader to when he became prime minister, the amount of money the Tories received from City money more than quadrupling.

More recently, the GMB revealed 37 Tory donors with a combined fortune of more than £10 billion – linked to finance, hedge funds, private equity, property and other City activities – donated 60 per cent of the Tories’ funding in the last quarter.

As GMB general secretary Paul Kenny said:

“Never in the history of political party funding have so few bought so much political influence for so little. The Tory Party is increasingly being funded by the asset strippers and predators…

“They are the same old nasty Tories now in the pockets of the predatory elite. This is why they have yet to lift a finger against the bankers who caused the recession in 2007… The Tory party is the political wing of the rich and the elite – the 1%.”

Is it any wonder then that Cameron refused to sign up to the deal, refused point blank to even countenance any scaling back of the City’s power? Who runs the government? Who’s pulling the strings? Whose money influences Tory policy? Even if he wanted to do the right thing, the gun to his head from the Tories’ biggest donors meant he couldn’t.

On the wider political point, if Cameron believes he has sated the Eurosceptics with this ‘non!’, he can think again. He appears as in hoc to them – and after all, it is only with their support he became Tory leader (see here and here for the details) – as the City. And, just like a predator who scents blood, they will demand more, and more, and more, more renegotiation, more withdrawal, more grandstanding which their increasingly weak leader will be powerless to resist.

As the Telegraph’s Ben Brogan wrote in his Morning Briefing:

“Mr Leigh [arch-Eurosceptic Edward Leigh] and his friends are unlikely to waste time clapping Dave on the back. They will demand more, no doubt a comprehensive renegotiation of British relations with the EU.

“How will Mr Cameron manage those forces? He is meeting a group of his backbenchers at Chequers tonight, but he won’t be able to ward off the demands for a referendum before his statement to Parliament on Monday.”

And as for the deputy prime minister, if it’s true he approved Cameron’s veto, many Liberal Democrats, and moreover most Europhiles may be asking themselves this morning:

‘What is the point of Nick Clegg?’

See also:

• How bankers’ bonuses are contributing to the new credit crunch – Cormac Hollingsworth, December 6th 2011

• Osborne starts to panic about the chance of a Robin Hood Tax – Owen Tudor, November 9th 2011

• On the Financial Transaction Tax, why is Osborne on the side of the one per cent? – Shamik Das, November 2nd 2011

• Farage should check his own funds before accusing others of being in it for the money – Alex Hern, October 24th 2011

• Tory dependence on City money should come as no surprise – Shamik Das, February 9th 2011

http://twitter.com/andrewtobert/status/145081401295900674 andrew tobert

Cameron didn’t sign EU deal because it’s not in the interests of the 1%: http://t.co/c8ouElel writes @ShamikDas #EU #FTT
http://twitter.com/smithsimon1969/status/145081508674277376 Simon Smith

cameron protects his friends http://t.co/soImSdEF
http://twitter.com/alanfry1/status/145081575204323329 Alan Fry

Cameron didn’t sign EU deal because it’s not in the interests of the 1%: http://t.co/c8ouElel writes @ShamikDas #EU #FTT
http://twitter.com/naturallycyclin/status/145081619399716864 Naturally Cycling

Cameron didn’t sign EU deal because it’s not in the interests of the 1%: http://t.co/c8ouElel writes @ShamikDas #EU #FTT
http://twitter.com/panthoney/status/145081694792335360 Paul Anthoney

Cameron didn’t sign EU deal because it’s not in the interests of the 1%: http://t.co/c8ouElel writes @ShamikDas #EU #FTT
http://twitter.com/prentiz/status/145081738819940352 Richard Coates

As if to prove my point: http://t.co/bFMuY3aD
http://twitter.com/yrotitna/status/145081775708831744 Juan Voet

Cameron didn’t sign EU deal because it’s not in the interests of the 1%: http://t.co/c8ouElel writes @ShamikDas #EU #FTT
http://twitter.com/ed_s24/status/145082052230922240 Ed Sharpe

Cameron didn’t sign EU deal because it’s not in the interests of the 1%: http://t.co/c8ouElel writes @ShamikDas #EU #FTT
http://twitter.com/jonniemarbles/status/145082100901625856 Jonnie Marbles

Cameron didn’t sign EU deal because it’s not in the interests of the 1%: http://t.co/c8ouElel writes @ShamikDas #EU #FTT
http://twitter.com/aidansweeney93/status/145082164004921344 Aidan Sweeney

Cameron didn’t sign EU deal because it’s not in the interests of the 1%: http://t.co/c8ouElel writes @ShamikDas #EU #FTT
http://twitter.com/fatbury/status/145082291494985730 Fatbury

Cameron didn’t sign EU deal because it’s not in the interests of the 1%: http://t.co/c8ouElel writes @ShamikDas #EU #FTT
http://twitter.com/elrikmerlin/status/145082386768592896 Elrik Merlin

Cameron didn’t sign EU deal because it’s not in the interests of the 1%: http://t.co/c8ouElel writes @ShamikDas #EU #FTT
http://twitter.com/mcdave73/status/145082828957294593 Dave McDave

Cameron didn’t sign EU deal because it’s not in the interests of the 1%: http://t.co/c8ouElel writes @ShamikDas #EU #FTT
http://twitter.com/darionahi/status/145082877426675712 Dario Nahi

Cameron didn’t sign EU deal because it’s not in the interests of the 1%: http://t.co/c8ouElel writes @ShamikDas #EU #FTT
http://twitter.com/bigbravehearts/status/145082931524808705 SQY

Cameron didn’t sign EU deal because it’s not in the interests of the 1%: http://t.co/c8ouElel writes @ShamikDas #EU #FTT
http://twitter.com/carolinejmolloy/status/145083019609374720 Caroline Molloy

Cameron didn’t sign EU deal because it’s not in the interests of the 1%: http://t.co/c8ouElel writes @ShamikDas #EU #FTT
http://twitter.com/markashberry/status/145083119576424448 Cllr Mark Ashberry

Cameron didn’t sign EU deal because it’s not in the interests of the 1%: http://t.co/c8ouElel writes @ShamikDas #EU #FTT
http://twitter.com/chairmangee/status/145083169983561728 Giovanni Tamerelli

Cameron didn’t sign EU deal because it’s not in the interests of the 1%: http://t.co/c8ouElel writes @ShamikDas #EU #FTT
http://twitter.com/gmg1106/status/145086667634638848 Graham Galloway

Cameron didn’t sign EU deal because it’s not in the interests of the 1%: http://t.co/c8ouElel writes @ShamikDas #EU #FTT
http://twitter.com/angelinemarie_/status/145086934467887104 Angeline P

Cameron didn’t sign EU deal because it’s not in the interests of the 1%: http://t.co/c8ouElel writes @ShamikDas #EU #FTT
http://twitter.com/macinpoole/status/145087085886443520 malcolm

Cameron didn’t sign EU deal because it’s not in the interests of the 1%: http://t.co/c8ouElel writes @ShamikDas #EU #FTT
http://twitter.com/therightarticle/status/145088082633433088 Michael

Cameron didn’t sign EU deal because it’s not in the interests of the one per cent l Shamik Das – http://t.co/xQtLgNrO
http://twitter.com/ladywolfcub/status/145088308928724993 wolflady

Cameron didn’t sign EU deal because it’s not in the interests of the one per cent l Shamik Das – http://t.co/xQtLgNrO
http://twitter.com/rosiecosy/status/145088448674533376 Rosie

Cameron didn’t sign EU deal because it’s not in the interests of the one per cent l Shamik Das – http://t.co/xQtLgNrO
Selohesra

Utter nonsense – FTT would be disaster for UK. Like it or not financial services are more significant proportion of UK plc than they are of rest of Euro plc. Sweden tried to go it alone and it failed – if Europe try to go it alone it will fail – if we join it it will drive business to US or HK or anywhere with out it. Ed being disengenous when he supports Tobin tax accross the worlsd because he knows it will never happen – not sure even he would want to write off such a significant part of UK economy by going for tax when others dont have it
http://twitter.com/jintyg51/status/145088585811492864 Janet Graham

Cameron didn’t sign EU deal because it’s not in the interests of the 1%: http://t.co/c8ouElel writes @ShamikDas #EU #FTT
http://twitter.com/press_card/status/145088965974831104 Dennis

Cameron didn’t sign EU deal because it’s not in the interests of the one per cent l Shamik Das – http://t.co/xQtLgNrO
http://twitter.com/lozzi84/status/145089028801314816 Laura F

Cameron didn’t sign EU deal because it’s not in the interests of the 1%: http://t.co/c8ouElel writes @ShamikDas #EU #FTT
http://twitter.com/avichai15/status/145089804898533377 Paul McGlynn

Cameron's veto was not in the interests of the UK. http://t.co/ez55AbeN
http://twitter.com/shamikdas/status/145090514272796672 Shamik Das

RT @leftfootfwd: Cameron didn’t sign EU deal because it’s not in the interests of the 1%: http://t.co/6LNn1VVe writes @ShamikDas #EU #FTT
http://twitter.com/mike_marziano/status/145090980918464513 Michael Marziano

Cameron didn’t sign EU deal because it’s not in the interests of the 1%: http://t.co/c8ouElel writes @ShamikDas #EU #FTT
http://twitter.com/sharpteach/status/145091722966343680 Catherine Sharpe

Cameron didn’t sign EU deal because it’s not in the interests of the 1%: http://t.co/c8ouElel writes @ShamikDas #EU #FTT
http://twitter.com/biscuit_bertie/status/145092753913692160 ROB KING

Cameron didn’t sign EU deal because it’s not in the interests of the one per cent l Shamik Das – http://t.co/xQtLgNrO
http://twitter.com/le_nom_de_plume/status/145098351610839040 Rebekah

RT @leftfootfwd: Cameron didn’t sign EU deal because it’s not in the interests of the one per cent http://t.co/0rjHR0Dk
http://twitter.com/cywunite/status/145098456015437824 CYWUnite

Cameron didn’t sign EU deal because it’s not in the interests of the one per cent http://t.co/ctu3yoJw via @shamikdas #olsx
http://twitter.com/acitizenshipt/status/145099878282956801 ACT

Cameron didn’t sign EU deal because it’s not in the interests of the 1%: http://t.co/c8ouElel writes @ShamikDas #EU #FTT
http://twitter.com/maxlawsontin/status/145099881143480320 maxlawsontin

RT @leftfootfwd: Cameron didn’t sign EU deal because it’s not in the interests of the 1%: http://t.co/RjXDi1zm writes @ShamikDas #EU #FTT
http://twitter.com/reciprokating/status/145100061557272576 kate rogers

RT @leftfootfwd: Cameron didn’t sign EU deal because it’s not in the interests of the 1%: http://t.co/RjXDi1zm writes @ShamikDas #EU #FTT
http://twitter.com/kevpeel/status/145100193078067201 Kevin Peel

RT @leftfootfwd: Cameron didn’t sign #EU deal because it’s not in the interests of the 1% http://t.co/bonTSvgv < THIS.
http://twitter.com/kateordeath/status/145100487841153025 Kate

RT @leftfootfwd: Cameron didn’t sign #EU deal because it’s not in the interests of the 1% http://t.co/bonTSvgv < THIS.
http://twitter.com/helengoodmanmp/status/145100635891712000 Helen Goodman

Cameron didn’t sign EU deal because it’s not in the interests of the one per cent http://t.co/ctu3yoJw via @shamikdas #olsx
http://twitter.com/antmoorfield/status/145100732599779329 Tony Leech

RT @leftfootfwd: Cameron didn’t sign #EU deal because it’s not in the interests of the 1% http://t.co/bonTSvgv < THIS.
http://twitter.com/yrotitna/status/145100883947040768 Juan Voet

RT @leftfootfwd: Cameron didn’t sign EU deal because it’s not in the interests of the 1%: http://t.co/RjXDi1zm writes @ShamikDas #EU #FTT
http://twitter.com/capitanoray/status/145101798074617857 Capitano Ray

RT @leftfootfwd: Cameron didn’t sign #EU deal because it’s not in the interests of the 1% http://t.co/bonTSvgv < THIS.
http://twitter.com/jos21/status/145101813723574272 Jos Bell

RT @leftfootfwd: Cameron didn’t sign #EU deal because it’s not in the interests of the 1% http://t.co/bonTSvgv < THIS.
http://twitter.com/carolynanderson/status/145101988433108992 Carolyn Anderson

RT @leftfootfwd: Cameron didn’t sign EU deal because it’s not in the interests of the one per cent http://t.co/zc93TPyy
http://twitter.com/maylor/status/145102652211077120 Phil Maylor

RT @kevpeel: RT @leftfootfwd: Cameron didn’t sign #EU deal because it’s not in the interests of the 1% http://t.co/fWVaPNPm
http://twitter.com/labour52rose/status/145103519077253120 Alex Braithwaite

RT @leftfootfwd: Cameron didn’t sign EU deal because it’s not in the interests of the one per cent http://t.co/kIw1Ctl0
http://twitter.com/londontownleo/status/145104748075425792 Leo Thomas

RT @leftfootfwd: Cameron didn’t sign #EU deal because it’s not in the interests of the 1% http://t.co/bonTSvgv < THIS.
http://twitter.com/peterm_/status/145105726686236672 Pete Murden

RT @kevpeel: RT @leftfootfwd: Cameron didn’t sign #EU deal because it’s not in the interests of the 1% http://t.co/fWVaPNPm
http://twitter.com/markrich/status/145106228685713408 Sir Marky

Cameron didn’t sign EU deal because it’s not in the interests of the one per cent http://t.co/4JC32vvq via @zite
http://twitter.com/zefrog/status/145106624103723009 Nicolas Chinardet

RT @leftfootfwd: Cameron didn’t sign #EU deal because it’s not in the interests of the 1% http://t.co/bonTSvgv < THIS.
http://twitter.com/sarahshoraka/status/145107555818029057 Sarah Shoraka

RT @leftfootfwd: Cameron didn’t sign EU deal because it’s not in the interests of the 1%: http://t.co/RjXDi1zm writes @ShamikDas #EU #FTT
http://www.leftfootforward.org/2011/12/eu-summit-futile-global-financial-crisis-not-eurozone-crisis/ EU summitry is futile; this is a global financial crisis, not a eurozone crisis | Left Foot Forward

[...] this context, it is deeply ironic the British prime minister is in Brussels today to defend the interests of the City of London. Ironic because it is the City’s “loose, lax and unregulated system” – not the US or [...]
http://twitter.com/simonbarrow/status/145112287290724352 Simon Barrow

RT @kevpeel: RT @leftfootfwd: Cameron didn’t sign #EU deal because it’s not in the interests of the 1% http://t.co/fWVaPNPm
http://twitter.com/rosarubicondior/status/145113513868800000 Rosa Rubicondior

Frm earlier 2day: Cameron's total reliance on City money for Tory party funds and his stance against #FTT: http://t.co/LLEhwkKp #EU
http://twitter.com/worutd/status/145113835265728512 Brian Tomkinson

Frm earlier 2day: Cameron's total reliance on City money for Tory party funds and his stance against #FTT: http://t.co/LLEhwkKp #EU
http://twitter.com/anguscarruthers/status/145113941494865920 Angus Carruthers

Frm earlier 2day: Cameron's total reliance on City money for Tory party funds and his stance against #FTT: http://t.co/LLEhwkKp #EU
http://twitter.com/grumpylecturer/status/145114474142121984 CapitalistWorker

Oh what Machiavellian webs one must weave to keep ones financial backers and supporters on side http://t.co/wkoYhBlj
http://twitter.com/gregalomaniac/status/145114672000016384 Greg

Frm earlier 2day: Cameron's total reliance on City money for Tory party funds and his stance against #FTT: http://t.co/LLEhwkKp #EU
http://twitter.com/grumpylecturer/status/145114842301341696 CapitalistWorker

Frm earlier 2day: Cameron's total reliance on City money for Tory party funds and his stance against #FTT: http://t.co/LLEhwkKp #EU
http://twitter.com/joelhcarter/status/145114849993699328 Joel Carter

RT @leftfootfwd: Cameron didn’t sign EU deal because it’s not in the interests of the 1%: http://t.co/RjXDi1zm writes @ShamikDas #EU #FTT
http://twitter.com/robjohnston82/status/145115419966062592 Rob Johnston

Frm earlier 2day: Cameron's total reliance on City money for Tory party funds and his stance against #FTT: http://t.co/LLEhwkKp #EU
http://twitter.com/Newsbot9 Newsbot9

And they should go ahead with a FTT, one which heavily penalises non-members.

You want another bubble, no way round that. That “significant” part of the economy is largely parasitic at this point, and needs severe pruning.
Selohesra

Ah yes a trade war with Eurozone on one side and UK & rest of the world on the otherside – that should sort things out. Any more bright ideas?
http://twitter.com/Newsbot9 Newsbot9

Nope, a perfectly normal situation of tax, with the UK and America on one side, and the rest of the world on the other. The UK already has stamp duty, which in your world is causing a trade war.

Compared to your continued support for economic bubbles.
http://www.leftfootforward.org/2011/12/look-left-09-12-11/ Look Left – Europe 26-1 Cameron: Britain isolated like never before | Left Foot Forward

[...] I wrote earlier today: “Tory dependence on the City doubled from when Cameron became Tory leader to when [...]
http://twitter.com/mrspissedprole/status/145246491496292352 Pissed Proletariat

Cameron didn’t sign EU deal because it’s not in the interests of the one per cent http://t.co/535ZQ0AM via @ebuzzing
http://twitter.com/padster1976/status/145254126719217664 Patrick Walsh

Cameron didn’t sign EU deal because it’s not in the interests of the one per cent – http://t.co/w3HTIilb
http://twitter.com/jonewilson/status/145261425080795138 Jon Wilson

Frm earlier 2day: Cameron's total reliance on City money for Tory party funds and his stance against #FTT: http://t.co/LLEhwkKp #EU
Pete

Great stuff. I’m very glad that someone has written this, it is something that needed to be said.

There are a couple of things I’d like to add. I think that a big problem is that Britain has allowed the financial sector to get far too big at the expense of other industries.

Several factors combined to create the bloating of the financial sector and the shrinking of the rest of the British economy:

1. Globalization, free trade policy and failure to include stronger labor accords into international trade agreements. This meant that skill-based jobs quickly flooded out to the third world where corporations can get cheap labor and exploit their workers with impunity.

2. The legacy of the Thatcher years. The Thatcher government deliberately dismantled much of the mining, manufacturing and other skill-based industries, particularly in the north of the country. The consequence has been a concentration of business and growth in London and the surrounding areas to the detriment of elsewhere. Cities like Manchester, Glasgow, Liverpool and even Sunderland used to be great global cities of industry. That was completely wiped away by the Thatcher years.

3. Failure to improve labor law and advance the labor movement. Whereas Germany acted to keep its manufacturing base and create a partially worker-controlled model of production, Britain did the opposite. Conservative governments kept up a system of confrontation with the unions and the skill-based sectors they represent. This was largely a cynical political tactic to increase the power of the southern, rural base of their support. It was also hypocritical since the Tories attacked Labour’s attempts to help these industries, yet did very similar things to help the farmers — because agriculture supports the Tories and people in mining and manufacturing tend not to.

4. Most importantly, capital has been siphoned out of the productive sectors of the economy because a legislative framework has been put in place that produces this result. The British public and media haven’t woken up to the fact that financial services are like trucking — they are an intermediary good that sets the conditions for actual goods and services to be produced. The Conservative Party in the 1980s tore down financial regulation and in consequence huge amounts of money went into the financial sector. This was combined with the decline of manufacturing so that many people couldn’t raise their standard of living without going into debt. This led to a number of self-fulfilling prophecies. The aforementioned decline of the labor movement and effects of globalization have meant that people are hardly able to negotiate wages any longer — and therefore fell into extreme debt. Again, it leads to the gross inequality that Britain now experiences. Similarly, the Thatcher government started to roll back state intervention in the housing market so people were taking out mortgages (in some cases when they didn’t really have the income to do so). So again, more money goes into the banks and financial institutions and more return can be made on exotic trading and speculation.

The financial services sector has now basically made Britain in a system of economic apartheid. People who work in these and related industries can have access to superior services and hugely superior standard of living. They know this and they want to keep it this way. Rebuilding the rest of the country, rebuilding infrastructure and striving to become a global leader in the industries of the future such as green technology will require huge amounts of public investment which will mean the need for both more revenue and a radical alteration of laws governing the financial system and labor law. This is exactly what the Tories and the people they represent don’t want. And the Labour Party has completely abandoned any commitment to discussing, let alone offering, these types of policies. I would argue that this is because under Blair they became just as, if not more, subject to the influence of Murdoch, the City and the interests of global capital.

The consequences of this on the global scale is that the global public now lives at the mercy of the twists and turns of the unwieldy global financial system. Sarkozy and Merkel want to address this to a very limited extent whereas Cameron wants to keep the status quo. Very transparent to see his motivation when you actually look below the surface. If we want to really solve these problems we need to have a genuine, effective, democratic European left rise from the ashes to challenge the concentration of power in reactionary, unelected entities and make the west genuinely productive once again.
http://twitter.com/wolfstar_de/status/145272371144699904 wolfstar_de

Cameron didn’t sign EU deal because it’s not in the interests of the 1%: http://t.co/c8ouElel writes @ShamikDas #EU #FTT
http://twitter.com/ado_16/status/145273358697771008 Patrick White

Cameron didn’t sign EU deal because it’s not in the interests of the one per cent http://t.co/535ZQ0AM via @ebuzzing
http://twitter.com/rowllypowlly/status/145274518280224768 Rowland Paul Hill

RT@occupybritain Cameron didn’t sign EU deal because it’s not in the interests of the 1% http://t.co/xyXqOaWI #WhyWeOccupy #WeAreThe99%
http://twitter.com/rowllypowlly/status/145276403062013952 Rowland Paul Hill

Cameron didn’t sign EU deal because it’s not in the interests of the one per cent http://t.co/ctu3yoJw via @shamikdas #olsx
http://twitter.com/fynnralph/status/145279227439222784 Fynn Ralph Hopper

Representing voters or party donors? RT @leftfootfwd: http://t.co/djSwEfCh
Ed’s Talking Balls

If the unions want to start a discussion about party funding, then fine. I’m just surprised they’re the ones bringing it up.

As for the talk of the “1%”, simple polling would reveal whether or not this is true. If more than 1% of the population didn’t want Cameron to agree to treaty change, then he has stood up for the interests of more than 1% of people – this would mean you’re wrong.
http://twitter.com/shezzle0/status/145318759895281666 Shez

RT @leftfootfwd: Cameron didn’t sign EU deal because it’s not in the interests of the one per cent http://t.co/xvSyZeBs
http://twitter.com/mrspissedprole/status/145323158566744064 Pissed Proletariat

RT @leftfootfwd: Cameron didn’t sign EU deal because it’s not in the interests of the one per cent http://t.co/xvSyZeBs
http://twitter.com/Newsbot9 Newsbot9

Only if you want to behave in a typically dishonest fashion. The interests of people are not the superficial calls you make based on polling, designed to give certain results. There’s a reason your right shy away from proper polling on the EU like acid.
http://twitter.com/tyokischild/status/145442749808771072 Dominic Ellison

Cameron didn't sign EU deal because it's not in the interests of the one per cent http://t.co/91fPhJDG
http://twitter.com/macinpoole/status/145443553445818368 malcolm

RT @leftfootfwd: Cameron didn’t sign EU deal because it’s not in the interests of the one per cent http://t.co/xvSyZeBs
http://twitter.com/harri_ifor/status/145445587070881792 Chris Painter

Cameron didn't sign EU deal because it's not in the interests of the one per cent http://t.co/91fPhJDG
http://twitter.com/zarnywoop/status/145487169790803968 Richard Pointon

Cameron didn’t sign EU deal because it’s not in the interests of the 1%: http://t.co/c8ouElel writes @ShamikDas #EU #FTT
http://twitter.com/anothergreen/status/145507548836012034 Derek Wall

Good article on @leftfootfwd http://t.co/22tE6b4i ‘What is the point of Nick Clegg?’ #europe
http://keithsww.blogspot.com/ keith s

It’s not just the FTT, (which according to the Economist can’t go through without ALL EU countries voting for it), there is other legislation going through on hedge funds, private equity and bank capitalisation.

The City has become increasingly a very globalised set of markets, most of the banks are foreign owned, including a significant minority of EU banks. Apart from China the UK still attracts record FDI with I am sure a lot going to the City. It will be interesting what happens internally

It’s more of different interpretations of the nation state versus fractions of globalised capitalism pushing deregulation type argument. Anyway i wrote more about it here http://tinyurl.com/c76wkfk
http://twitter.com/leinadretsuf/status/145987827467952128 daniel fuster

Cameron didn’t sign EU deal because it’s not in the interests of the 1%: http://t.co/c8ouElel writes @ShamikDas #EU #FTT
http://twitter.com/rosiejanele/status/146164941756448768 Jane Leach

RT @leftfootfwd: Cameron didn’t sign EU deal because it’s not in the interests of the one per cent http://t.co/ve67l9B6
http://twitter.com/macinpoole/status/146166670229114880 malcolm

RT @leftfootfwd: Cameron didn’t sign EU deal because it’s not in the interests of the one per cent http://t.co/ve67l9B6
Will Podmore

Do you really think that it is in Britain’s interests to be tied into a fiscal union that would make embracing monetarism a constitutional obligation?
http://twitter.com/gplondon/status/146274580800077826 Geoffrey Pearson

Speaking of value for money, it looks like the city got a good deal when they bought the conservatives: http://t.co/LLEhwkKp
http://twitter.com/sharpteach/status/146274970429952001 Catherine Sharpe

Speaking of value for money, it looks like the city got a good deal when they bought the conservatives: http://t.co/LLEhwkKp
http://twitter.com/threadbarepanda/status/146275280430960640 Panda

Gd q frm @CarolineLucas on Cameron's conflating of the City fat cats' interest with the national interest; more here: http://t.co/LLEhwkKp
http://twitter.com/laylapup/status/146277681728720896 Cherry McCormack

Speaking of value for money, it looks like the city got a good deal when they bought the conservatives: http://t.co/LLEhwkKp
http://twitter.com/jonewilson/status/146278345246650368 Jon Wilson

Speaking of value for money, it looks like the city got a good deal when they bought the conservatives: http://t.co/LLEhwkKp
http://twitter.com/sallykate68/status/146278658569539586 Sally Drayton

Gd q frm @CarolineLucas on Cameron's conflating of the City fat cats' interest with the national interest; more here: http://t.co/LLEhwkKp
http://twitter.com/disobedientmmbr/status/146279947504336896 Hanita Dadswell

Speaking of value for money, it looks like the city got a good deal when they bought the conservatives: http://t.co/LLEhwkKp
http://twitter.com/morosychristios/status/146285785300205569 Miles Douglas

Speaking of value for money, it looks like the city got a good deal when they bought the conservatives: http://t.co/LLEhwkKp
http://twitter.com/sector29/status/146297552726261760 Sector29

Speaking of value for money, it looks like the city got a good deal when they bought the conservatives: http://t.co/LLEhwkKp
http://twitter.com/rowllypowlly/status/146304902912671744 Rowland Paul Hill

Speaking of value for money, it looks like the city got a good deal when they bought the conservatives: http://t.co/LLEhwkKp
http://twitter.com/tonyincardiff/status/146632827310587904 Tony Brown

Cameron siding with the 'fat cats' (the 1%) – http://t.co/pwNDLb3b
http://twitter.com/oneoflokis/status/146698724821839872 Liz K

Gd q frm @CarolineLucas on Cameron's conflating of the City fat cats' interest with the national interest; more here: http://t.co/LLEhwkKp
Anonymous

““Never in the history of political party funding have so few bought so much political influence for so little. The Tory Party is increasingly being funded by the asset strippers and predators…”

And what’s really depressing, if opinion polls are to be believed, is that they are being cheered on by a majority of the 99% who think that Cameron has done the right thing in refusing to sign up for the Financial Transaction Tax.
Anonymous

Well said.
http://twitter.com/jintyg51/status/146947542154878976 Janet Graham

When Cameron says "Britain's interests", he means "the interests of the one per cent": http://t.co/LLEhwkKp #pmqs
http://twitter.com/davidbush/status/146950955315904512 david bush

When Cameron says "Britain's interests", he means "the interests of the one per cent": http://t.co/LLEhwkKp #pmqs
http://twitter.com/asitseemstome/status/146965874505564160 Fiona McMahon

When Cameron says "Britain's interests", he means "the interests of the one per cent": http://t.co/LLEhwkKp #pmqs
http://twitter.com/adambracey1/status/146973722476158976 Adam Bracey

When Cameron says "Britain's interests", he means "the interests of the one per cent": http://t.co/LLEhwkKp #pmqs
http://twitter.com/yrotitna/status/147014759227723777 Juan Voet

When Cameron says "Britain's interests", he means "the interests of the one per cent": http://t.co/LLEhwkKp #pmqs
http://twitter.com/hagglar/status/147015388562079744 Haris Naeem

When Cameron says "Britain's interests", he means "the interests of the one per cent": http://t.co/LLEhwkKp #pmqs
http://twitter.com/lattelover/status/147019430650589184 Tahmena

When Cameron says "Britain's interests", he means "the interests of the one per cent": http://t.co/LLEhwkKp #pmqs
http://twitter.com/colette2820/status/147105062446039042 colette

When Cameron says "Britain's interests", he means "the interests of the one per cent": http://t.co/LLEhwkKp #pmqs
http://twitter.com/ghalibimtiyaz/status/147148760567382016 Ghalib Imtiyaz

When Cameron says "Britain's interests", he means "the interests of the one per cent": http://t.co/LLEhwkKp #pmqs
http://twitter.com/ghalibimtiyaz/status/147148842167578624 Ghalib Imtiyaz

“@leftfootfwd: When Cameron says "Britain's interests", he means "the interests of the one per cent": http://t.co/zzl7CuWI #pmqs”
http://twitter.com/sanachnaa/status/147965624998563840 meme

When Cameron says "Britain's interests", he means "the interests of the one per cent": http://t.co/LLEhwkKp #pmqs
http://www.leftfootforward.org/2012/01/robin-hood-tax-gains-momentum-on-the-continent/ Robin Hood Tax gains momentum – on the continent | Left Foot Forward

[...] also: • Cameron didn’t sign EU deal because it’s not in the interests of the one per cent – Shamik Das, December 9th [...]