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Labour To Join Tory Eurosceptics In Knifing Euro Bailout Baby?

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'Labour considers link with Eurosceptic Tories over eurozone bailout terms':

http://www.guardian.co.uk/politics/2011/may/29/labour-alliance-with-tory-eurosceptics

Labour is weighing up an alliance with increasingly fractious Tory Eurosceptics over two specific issues likely to return to the Commons in the next few months – a move that could threaten the government's Commons majority on some key votes or, at the very least, politically embarrass the chancellor, George Osborne.

The first is the degree to which the commission is disproportionately drawing on the European Financial Stability Mechanism (EFSM), to which Britain makes contributions, rather than two other bailout funds for which Britain is less liable.

The second could build on anger at the failure of the coalition government to do more to demand the swift introduction of a permanent bailout mechanism from which Britain would be excluded.

The permanent fund, termed the European stability mechanism, is not due to come into force until 2013, and Labour claims the coalition government has not been pressing for an earlier timetable. Details of how it will operate remain sketchy.

The new permanent mechanism, even though it will exclude non-euro members, will nevertheless have to be approved by the Commons as it represents a change to the Lisbon treaty.

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That's a bit rich giving that it was Darling that treasonously signed us up after the election.

Darling? Funny name for a guy! Last person I called Darling was pregnant 10 seconds later...

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Indeed it's all a bit rich. If they were in power they would almost certainly be doing something like the coalition's currently doing and if they were in opposition the tories and Libdems would be doing something like Labour's doing now.

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  • 309 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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