Britannia Radio

EUobserver IHT

Mark Mardell reports that the EU Court of Auditors will refuse to sign off the EU's accounts for the 13th year running next Tuesday.

BBC

The Business: FSAP eroding City's competitiveness

The cover story in The Business discusses London's future as a global financial centre. It argues "in an almost incredible fit of carelessness, London is in danger of throwing its lead away. With rising taxes, regulatory ineptitude and crumbling infrastructure, the city cannot count on holding its own against New York indefinitely... While Wall Street has to contend with excessive federal laws like Sarbanes-Oxley, and militant New York prosecutors out to make a populist name for themselves, Britain has the European Union (EU). A report from Open Europe, another well-regarded London think tank, estimates that the Financial Services Action Plan (FSAP), Brussels' new regulatory system for the industry, will involve total costs to Britain of £14bn - £23.5bn by 2010."

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