Tory Hollow Dismay

The Conservative party has been showing its outrage at EU plans to regulate hedge funds, which will inflict heavy damage on the City of london.

But, this being the Conservative party, nothing is quite as it seems.

UKIP leader Nigel Farage today strongly backed Boris Johnson’s call to defend the City from harmful EU regulation. “Boris is bang on the money about this”, said Farage, “It’s just a pity that his Tory colleagues have failed to support him.

Farage was talking about legislation passed in the European Parliament last year that called for the European Union to create the regulation now being opposed by Mr Johnson, the London Mayor.

In September the Conservative MEPs were whipped to support  legislation written by the socialist former Prime Minister of Denmark, Poul Nyup Rasmussen which provided the base for these draconian laws. The Hedge Funds and Private Equity Report passed by a massive majority in Strasbourg was designed to punish the City rather than to improve its actions.Talking to Mr Farage about it, its author Rasmussen infamously said, “We don’t like your Anglo-Saxon capitalism”.

“Most continental politicians accept that the business driven out of the city by this legislation will not move to Frankfurt or Paris but will leave the European Union altogether for Geneva or the Bahamas, but that doesn’t matter. What matters is damaging British interests. It is a simple beggar thy neighbour approach”, said Farage.

“It is sad, but Oh so normal that the Tories in Europe fall into line with Continental aspirations, even when they are in direct contradiction of British interests. So while we back Boris to the hilt we suggest that he should e apportioning lame where it lies,  Not so much in Brussels but at the door of his Conservative friends and Dave himself.”

Hmm. This disease has taken hold across the Labour, lib-Dem and Conservative parties. The ’say one thing at home, do another in brussels’ scam has been going on for years, and here is yet another example.

I hope all those Eurosceptics who voted Conservative in the European elections, in the naive belief that the Conservative party is genuinely Eurosceptic, will seriously consider how they vote at the general election and subsequent European Elections.

As UKIP MEP for London, Gerard Batten said…

UKIP pointed out Tory MEPs voted for the new EU directive last year, while they were the only party that voted against it. UKIP MEP and former mayoral candidate Gerard Batten said: “It’s great that Boris is supporting the City in this way but a shame the Tories didn’t when they had the chance