AN ECONOMICALLY LIBERAL EUROPEAN UNION WILL NOT BE DELIVERED BY THE EU REFORM TREATY

There is little doubt that the EU's Reform Treaty is a very substantial document with significant implications for business and the economy. Unfortunately, there is little in the Treaty that would appear to promote liberal economic policies. On the contrary, there are at least two developments that should cause concern. The first is the Charter of Fundamental Rights which will probably have significant, anti-liberal, implications for Britain's labour market laws. And the second is the removal of 'free and undistorted competition' from the list of the EU's objectives in the main body of the Treaty.