CITY STILL WITHIN OUR GRASP, SAYS REHN

BRITAIN’S veto of a new European treaty to tighten fiscal oversight of states will not stop Europe regulating the City, Olli Rehn, the European Union’s economic and monetary affairs commissioner, said yesterday. Rehn said the UK’s veto was a matter of “regret” as Europe did not want it “on the sidelines”. The European Commission, meanwhile, said yesterday it would fund a €100m (£84.6m) fund to free up government data for public use.

Picture: Reuters