Friday February 21, 2020

Fears grow over British isolation

While many saw David Cameron's move as protecting the City of London, it may backfire and lead to more regulation and increased isolation, writes Ben Griffiths in London.

18th December, 2011
2
British prime minister David Cameron defends his decision to veto a new EU treaty in the House of Commons. Photo: PA

David Cameron could have been forgiven for giving a backwards glance to the political history books last week, with a nod to Harold Wilson's famous quote that "a week is a long time in politics". When it comes to his recent troubles in Europe, the British prime minister must have felt that the week had turned into a year.

The City of London too has been surprised by the rapid change of opinion since Cameron's...

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