My Observations of David Cameron To face MPs In Commons Over EU Veto. To do it justice I decided to include the article below:
Many of his own MPs in the Commons will welcome his decision, but Labour and some Lib Dem MPs are set to criticise Mr Cameron for isolating the UK.
Labour leader Ed Miliband will accuse Mr Cameron of failing in his objective of protecting the UK financial sector.
The PM is expected to say why he felt his approach was in the UK’s interest.
Downing Street sources told the BBC David Cameron would give a factual account of the decisions he took in his Commons statement at 1530 GMT.
Mr Cameron blocked changes to the EU’s Lisbon Treaty, which were aimed at addressing the euro crisis and preventing a repeat in the future, at a summit in Brussels on Friday.
This whole coalition thing – we have just been sold a pup time after time after time”
End Quote Baroness Tonge Lib Dem peer
He and Chancellor George Osborne have insisted the veto was in part to protect the City of London from excessive intervention by Europe, but Labour and the UK Independence Party have both argued that actually no additional safeguards were achieved.
The treaty changes needed the support of all 27 EU members, including those not in the euro, such as the UK, to go ahead.
It now looks likely that all 26 other members of the European Union will agree to a new “accord” setting out tougher budget rules aimed at preventing a repeat of the current eurozone crisis.
The new accord will hold eurozone members to strict budgetary rules including:
- a cap of 0.5% of GDP on countries’ annual structural deficits
- “automatic consequences” for countries whose public deficit exceeds 3% of GDP
- a requirement to submit their national budgets to the European Commission, which will have the power to request that they be revised
However the deal still has to be agreed by a number of national parliaments, and the reaction of the financial markets suggests it has failed to bring a swift end to the euro crisis.
The current French presidential front-runner, Socialist Francois Hollande, said on Monday that if he was elected next May he would renegotiate the accord, saying: “This accord is not the right answer.”
Former foreign secretary and Labour MP David Miliband said Mr Cameron’s “Churchillian” image of going it alone was misleading.
He told BBC Radio 4’s Today programme: “It’s a self-defeating way of standing up for Britain. It’s a defining moment for Britain and a very dangerous moment.”
Mr Miliband compared it with Anthony Eden’s decision not to join the founders of the European Union in 1958.
“David Cameron has engineered a situation where… Britain is without a say,” he added.
Mr Miliband said Mr Cameron had used a “phantom veto against a phantom threat” and he urged the prime minister to explain “what was the dire mortal threat that he has avoided”.
BBC political correspondent Iain Watson says Mr Cameron’s decision to veto a new EU treaty without the protection he wanted for Britain’s financial services industry will be welcomed by many Conservatives in the Commons.
But Lib Dem backbenchers feel they have been given the green light to criticise Mr Cameron following Nick Clegg’s warning about the outcome of the Brussels summit, he added.
Initially Mr Clegg, the Lib Dem leader and Deputy Prime Minister, had said the coalition was united over the use of the veto, but on Sunday he said he had “made it clear” to Mr Cameron it was “untenable” for him to welcome a move that he saw as “bad for Britain”.
Mr Clegg blamed French and German “intransigence” and pressure from Eurosceptic Conservatives for putting Mr Cameron in “a very difficult position”.
Nick Clegg says he is ‘bitterly disappointed’ by Mr Cameron’s veto
He told the BBC’s Andrew Marr programme: “I’m bitterly disappointed by the outcome of last week’s summit, precisely because I think now there is a danger that the UK will be isolated and marginalised within the European Union.
“I don’t think that’s good for jobs, in the City or elsewhere, I don’t think it’s good for growth or for families up and down the country.”
Foreign Secretary William Hague insisted Britain was “not marginalised”, and told Sky News that while “everybody knows” that the Tories and Lib Dems had different views on Europe, the negotiating position taken by Mr Cameron had been agreed in advance with Mr Clegg’s party.
The criticism from senior Lib Dems – the junior partners in the UK’s coalition government – continued on Monday but ex-cabinet minister David Laws insisted the coalition would survive.
The Lib Dem MP told the BBC there was disagreement over the tactical position the UK got itself into, but he insisted that the difficulties were manageable.
He sought to blame France, saying “it seems to many of us that France took a deliberate decision to ignore the quite reasonable demands of the UK, and perhaps actively seek to exclude the UK from the core of European Union countries”.
Labour leader Ed Miliband has called on Mr Cameron to use his statement to MPs to “explain why he did something that was so bad for Britain and bad for British jobs”.
“He did this because the Eurosceptic wing of the Conservative Party has effectively taken over and that isn’t good for the national interest,” the Labour leader said.
Lib Dem peer Baroness Tonge has suggested members of her party are reaching the end of their patience with the coalition.
“This whole coalition thing – we have just been sold a pup time after time after time,” she said.
UKIP leader Nigel Farage said the City was “under very serious threat” of “retribution” over the veto, adding: “Every time the bond markets twitch, I can see the finger being pointed at those awful Anglo-Saxons in the City of London.”
Cameron refused to allow Britain to be sucked further into what amounted to a further consolidation of a European superstate and the handing over of a huge tranche of democratic rights to Brussels.
But the truth of it is that what he did in vetoing a 27-state treaty was not done with any democratic considerations in mind.
He did it to protect the privileged position of the City of London’s speculators and their opportunities to skim off the top of any transactions that it handles.
But make no mistake about it, Cameron remains wedded to Britain’s place in Europe – although it’s difficult to see why in his terms of “what’s best for Britain.”
Being caught by the drivelling mantra of free trade, he couldn’t do much else, but the EU version of free trade hasn’t exactly been a blessing.
Look at the position of manufacturing in this country. Ever since Britain has been involved in the European Union, the percentage of GDP generated by manufacturing has declined rapidly, from just under 25 per cent to marginally over 12 per cent – put bluntly, it’s halved.
Britain officially went into depression in the first quarter of 2009, but no growth was recorded throughout 2008 and the economy has shrunk by over 5 per cent since.
And now Britain is reluctantly dipping its toes into the widely forecast second dip of a double-dip recession.
This trend can be clearly identified as stemming from the policies of the Thatcher government in the early 1980s when it began its huge programme of privatisation of industry in tandem with a shift of government policy emphasis from manufacturing to finance as the core of the British economy.
And it’s a trend that has to be reversed.
It’s not just Europe and it’s not just the eurozone and it’s not just the euro. Let’s keep that in mind.
It’s a general crisis of capitalism which is being conflated in the eyes of the capitalist media with a profits war between various varieties of capitalist.
And it’s represented as somehow inevitable. It’s not.
There is another way. It is a way that doesn’t require national policy to be laid down by banks, speculators and shadowy rate-setting agencies.
It’s a way in which those who produce the country’s real wealth control the disposition of that wealth and elect representatives who do the will of the people.
It is becoming clearer with every passing day that free-market capitalism and democracy are inimical.
They cannot live together and the masters of the capitalist world understand that clearly – although in the past they have had to carefully conceal the fact.
But the gloves are coming off and with the brutal takeovers of the Greek and the Italian governments by the money-men the contradiction between democracy and capitalism has been made crystal clear.