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Fantastic

I'm not at expert either, but I understand the advice of the attorney general is that it does prevent the introduction of the capital buffer, and this is a position which is accepted by the Chairman of the European Parliament's economic and monetary affairs committee (albeit, she claims that it...

This - I suspect for the Palace/Saints/Liverpool matches we would have sold out 30k.

My understanding of the directive is that it includes a particular formula through which the capital buffers are determined. The UK must implement that specific formula (which will result in under 10%) or it will find itself before the ECJ.

True, but it still has direct effect so that if a member state implements it incorrectly (or, for instance, the UK decided to modify it slightly so it allowed a 10% buffer) any individual (in the UK) could take the UK to court (or more likely the Commission). In any event, there is no way out of...

The EU Capital Requirements Directive restricts the buffer to a lower level (using quite a complex formula). Since it is a directive, it has direct effect in English law and supremacy over any other legislation introduced at a national level. Had Cameron achieved his opt-out on financial...

The Vickers Report on banking reform made a number of recommendations for new regulations, many of which cannot be legislated for by Parliament. One recommendation was that banks maintain a 10% capital buffer. At the moment this is actually illegal under European law and Parliament cannot pass a...

I think you'll actually find that the current EU regulatory framework precludes the UK from introducing the recommendations of Vickers - the EU is actually preventing us from regulating the banks!!

The key is that those who ultimately form the government actually stood for election - they have a direct personal mandate from the population. Neither the new Greek PM nor the new Italian PM have ever been voted for in any direct capacity by the people of the countries' they now claim to...

Absolutely this. The EU is home to washed up, embittered, and unelectable politicians who care little for the views of the people of Europe and more for their chauffeur driven cars, diplomatic immunity, and large offices. Coincidently, the people complaining the loudest are people like Mandy...

Superb

Saturday, 10 December 2011 Barnsley v Ipswich 2-0 Birmingham v Doncaster 1-0 Burnley v Portsmouth 3-1 Coventry v Hull 2-2 Derby v Bristol City 1-2 Leicester v Peterborough 2-0 Middlesbrough v Brighton 1-2 Millwall v Cardiff 1-2 Nott'm Forest v Crystal Palace 4-0 Reading v West Ham 0-2...

They may be Greens, but they're still politicians. I think we can rest assured they'll be putting any moral values they purport to have firmly in the back seat when decisions relating to expansion are made (rather like the way they fudged the issue of the stadium in the first place).

This

Well done both

It wasn't our money. This is the thing people fail to understand. Under Labour, one in ever four pounds spent was borrowed. These improvements were largely funded by the Chinese and other BRIC countries with large cash surpluses. You simply cannot expect these countries to continuing buying UK...

If you are concerned about our ability to service our debt you ought to be concerned about our AAA credit rating and the low level of interest currently paid on gilts (indeed, we currently pay LESS than Germany to service our debt). Both of these would be at risk if we reversed the cuts...

It's the OBR which is headed by the internationally respected economist Robert Chote. Do you think a man like that would take his lead from Osbourne and thus risk a hard-won reputation built up over decades? If there were any suggestion that the Treasury were seeking to influence the OBR he...

Goodness me, I don't know where to begin with this one. Firstly, we are not paying off a loan. We are trying to stop taking out more loans. We have a budget deficit - for every five pounds the government spends, one is borrowed. The budget deficit is structural. A structural deficit is one...