Gordon Brown now stands accused of sacrificing a powerful economic post in the EU in order to place Baroness Ashton in the Foreign Policy post to upset the Tories. The worry is that the French politician Michel Barnier will become the next internal market commissioner next month. This post oversees EU financial regulation and M. Barnier is a defender of French protectionism and is against the free market model.

This has put the wind up the big boys in the City. Their view is that this will mean the imposition of stiff new EU regulations on their operations, which will adversely affect profits. William Hague has said that M. Barnier is a serious concern to us and a threat to the economic issues that affect Britain the most.

As a ‘partner’ in the EU we cannot expect to continually hold the important posts in the EU to ensure that our views prevail. The whole point of the EU is that power and wealth are redistributed ‘fairly’ amongst member states. There are 27 member states with more queueing up to join. Each of these states wants their slice of any pie going.

The UK redistributes wealth within it mostly with grumbling acceptance. We are now part of an ever more federalist organisation, which is exercising more power over us daily. Part of the joining fee is the acceptance of the rules of wealth redistribution within the EU. That includes preventing one state having an ‘unfair’ advantage in any sector, including banking.

As an independent state into the future the UK will be at the mercy of whoever makes the decisions over which posts ‘we’ hold in the EU. We can only hold a few at any one time. That means we will be losing influence where we are not properly represented.

We are now finding out how much control we have handed over to the EU and we now fear what people, over whom we have no control, are going to do. The democratic deficit is now directly affecting the UK not just the EU. And as far as I am concerned anyone who tries to tell you otherwise is either deluded or lying.

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