On a day when the economy of the Eurozone countries has sunk into an even bigger hole, the abomination that is the European Commission has had the temerity to give advice to the UK government supposedly aimed at helping us to achieve long term sustainable growth.
Inflation in the Eurozone has now fallen to its lowest level yet, at 0.5%, indicating that the economy is close to disaster. The European Central Bank will now be expected to try to boost growth and counter the threat of deflation, but evidence from past performance suggests it is unlikely to achieve very much. Meanwhile, The Commission has said that the UK should raise taxes on higher value properties and adjust the 'Help to Buy' scheme in order to address the recent rapid rise in house prices in the London area. They want the UK to revalue the council tax bands, something which would undoubtedly increase the tax for many homes.
While these remarks have caused a degree of anger amongst many Tory MPs, Vince Cable has actually come out of his box and agreed that we can do without the advice of the EC. He's acknowledged that there is an issue with house price inflation but added that "we don't need the EU to tell us what's going on here".
If ever there was clear evidence of the uselessness of much of what comes out of Brussels, surely this is it. While they preside over the mess of the Eurozone, they dare to tell the UK, one of the few European economies currently prospering, what to do. Bring on the referendum and let's leave this appalling, overblown, spendthrift and corrupt organisation as soon as possible.
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