Chris Cummings, Chief Executive of TheCityUK comments on Douglas Alexander MP’s EU speech

Chris Cummings, Chief Executive of TheCityUK comments on Douglas Alexander MP’s EU speech

It is encouraging to see some of TheCityUK’s recommendations for EU reform discussed in a speech yesterday by Douglas Alexander MP.  The financial and related professional services industry has an important role in delivering investment that enables sustainable growth across the EU, and that its voice is being heard by policymakers on the critical issue of EU reform demonstrates that. Last month, in our paper: EU reform: A view from TheCityUK, we introduced the industry’s key recommendations for reform, which were referenced in yesterday’s speech by Douglas Alexander. These include:

  • The formation of a new Council of the Single Market
  • For non-Eurozone Member States to have permanent observer status at Eurogroup meetings.  


We believe these should be among key priorities for EU reform policies adopted by political parties.