We not only want our cake……….

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Chancellor Osborne is off to Germany next week to outline how he wants to protect London’s financial services industry in a reformed European Union. The fear is that ever-closer integration of the eurozone could leave London sidelined in financial policymaking, affecting its banking sector. In fact, London’s status as a European financial centre has already been compromised by Cameron’s dithering and inability to put down on paper the exact changes he is (apparently) negotiating. The continuing lack of detail on his demands for new EU membership terms, is causing both frustration, bemusement and a level of confusion among EU leaders.  Cameron has now had to “do a Chilcot” by promising to send them his wish-list by next week.