Cameron's EU speech may have 'disastrous outcome' for UK
funny how the Euro and GBP / USD usually move in nr tandem
but not the past wk or so
wonder how much further the powers that be can send a message and give the pound more of a good kicking?
we'll never be allowed to leave, but it does distract from the awful mess the coalition are making of our non recovery
if i was Cameron, i would nt take any drives around London in any open top limos
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Prime Minister David Cameron's speech tomorrow will no doubt win a rapturous reception from the usual suspects in political and media circles, but the British public may be becoming sceptical of the Eurosceptics, writes Lib Dem MEP
David Cameron will tomorrow give his long-awaited speech – or for Twitter users #thespeech – on Britain's future in the European Union. Call it Providence, but I welcome the fact that, after the Algerian crisis understandably ruled out the planned event in Amsterdam last Friday, weather and diary issues now apparently dictate delivery in London. It should always have been designed for a London venue anyway – how about the House of Commons? – and not just because, according to his spokesman, "London fits best with the prime minister's schedule".
It is a curious tradition for Tory leaders to deliver major discourses on Europe not to a home audience but, except for the Brit 'hack-pack', to a foreign one: think Churchill in Zurich or Thatcher in Bruges. The advantages of debate targeted at the home audience can be demonstrated by a remarkable turnaround in British opinion as recorded by pollster YouGov. In the space of less than two months, a 21-point lead for leaving the EU – of 51 per cent to 30 per cent, recorded in late November – has been replaced by a six-point lead now for remaining a member, by 40 per cent to 34 per cent. This coincides with a period of intense debate about Europe and one in which the pro-European case has at last been expressed and heard.
The British public has, for the first time for many years, heard about how one in 10 jobs and £3,300 a year income of each household in the United Kingdom depend on EU membership. And about how Britain has become one of the most influential members of the EU as the creator and driver of the single market; instrumental in shaping Europe's foreign policy and burgeoning defence role; and with a major part in developing EU police and counter-terrorism cooperation.