Chris Cummings, Chief Executive, TheCityUK, said, “Donald Tusk’s proposals for a new settlement for the UK within the EU is a key milestone in the reform negotiations to date. While there is still a long way to go, this provides a good basis for the Council of Ministers meeting in two weeks’ time. I am pleased to see that at the heart of proposals is a clear recognition of the need for the EU to be more competitive. It’s encouraging to see that the Prime Minister’s major calls around competitiveness have been recognised with an urging for the Commission to reduce regulatory burden, fully exploit the potential of the Single Market and advance trade negotiations with the US, Japan and other key partners. As have his proposals around fairness and protecting the interests of non-Eurozone Member States. Recognition that the EU is a union of more than one currency and securing meaningful clarification on ‘ever closer union’ was also a key proposal and one that is fundamental to the UK’s continued successful membership of the EU.
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