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EU's decision shows we will not be isolated

I WARMLY welcome the decision by the European Union to invite the UK to play a role in the negotiations over the forthcoming fiscal pact.

Last week, I fully supported David Cameron's decision not to enter into this new economic agreement.

I felt this was the best option to secure the UK's interests and protect our financial services sector.

There has been much media hype over a loss of UK influence stemming from this decision and, from the beginning, I argued that this was not necessarily true.

The UK is one of the major financial contributors to the EU and this new economic accord is one of many agreements that does not include all 27 EU member-states.

The decision to invite the UK to participate in technical discussions is further evidence that we will not be isolated on the periphery, but will still play our full role in any future policy direction of the EU.

The UK will do so in the knowledge that it still has independent control of its economic and monetary policies.

JIM NICHOLSON

Conservative and Unionist MEP

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