EU ’empire’ should be disbanded says radio host

European Union 'empire should be disbanded' says expert

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The TalkRADIO presenter has called on the European Union to be disbanded during a debate with Brexiteer Ben Habib on the state of the European project. Mr Whale blasted the EU member states saying the  bloc “isn’t doing them any good.” His remarks come amid widespread anger across Europe at the Brussel’s failure to get to grips with the coronavirus or secure vaccines at the rate enjoyed by Brexit Britain.

The political commentator told the radio show on Wednesday that he hoped the “European Empire” would soon be “disbanded.”

He also said that the individual member states need to realise the EU is not helping them overcome their issues.

“It never can do them any good,” he added.

Mr Whale also called on the countries of Europe to follow the example of Britain and “come together in some other kind of harmony.”

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It comes as a new survey revealed Brexit has not stopped London from being the economic powerhouse of Europe

Although Remainers have expressed the fear London could lose its financial dominance, only New York remains ahead of the capital according to recent figures.

Even without provisions on financial markets within the Trade and Cooperation Agreement, Frankfurt and Zurich still remain well below London in the Z/Yen’s Global Financial Centres Index.

Despite Amsterdam boosting its share trading in relation post-Brexit, it is still ranked as 29th in the index.

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The EU and UK are currently negotiating a memorandum of understanding over financial services.

However, it is not thought the EU will grant UK financial firms equivalence post-Brexit.

This means financial firms will now need to apply two sets of rules rather than just one, which has seen some companies move to Europe post-Brexit.

The EU has so far refused to hand UK firms equivalence unless London makes guarantees it will not drop regulations to undercut European markets.

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Some officials have insisted the UK must forget any idea of gaining equivalence from the EU and instead focus on new challenges in Asia and America.

Catherine McGuinness, policy chair at the City of London Corporation said: “Our financial services sector has demonstrated resilience over the past year, providing stability amid considerable economic uncertainty.

“We remain confident in the City’s future and our long-term fundamentals. But we cannot afford to rest on our laurels.

“It is vital that policymakers focus on the UK’s competitiveness, by investing in infrastructure and skills across the country.”

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