Is Europe becoming a vital subject for the next election?
Today's news that European Union leaders are looking to oversee all EU member country budget deficits is causing concern within political circles. Despite the fact that the UK government has denied that the proposed changes to the European Union set up, which would see the introduction of a new "economic government of the EU", would not apply to the UK because it has not adopted the euro, there are growing concerns.
It is believed that European Union leaders are adamant that the proposals will be rolled out to all EU member states, whether they have accepted the euro as their main currency or not. As we mentioned in one of our earlier articles, under the proposals the UK would be fined around £2 billion a year due to its high budget deficit although in practice this would mean a £2 billion reduction in funding received by the UK government from the European Union for investment into "deprived areas".
The traditional Conservative Party anti-Europe stance may well have softened over the last few months but this could actually play into the hands of David Cameron with Gordon Brown forced into a pro-Europe stance. UK voters have for some time felt as though they have been sold down the river by previous Labour governments and further meddling by the European Union with regards to UK budgets and UK finances would not be welcomed.
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