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EurActiv: English papers lead campaign to 'ditch the directive'
English newspapers today (8 February) took command of a campaign to completely write off a proposed EU regulation which would limit the activity of hedge funds, the Alternative Investment Fund Managers Directive (AIFMD), saying it will hurt the London-based financial sector.

London-based conservative newspaper the Daily Telegraph and its free rival, City AM, launched campaigns against the EU's proposed regulation of alternative invetsment funds.

The Telegraph has coined its campaign 'Ditch the Directive'.

Both newspapers enjoy healthy penetration rates in London's City as they focus on financial news. City AM, founded in 2005, litters London's business districts as it is handed out on the streets and in underground stations.

by nanne (zwaerdenmaecker@gmail.com) on Mon Feb 8th, 2010 at 12:07:34 PM EST
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What portion of the U.K. electorate has a favorable view of the domestic impact of the activities of The City?

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Feb 8th, 2010 at 10:06:13 PM EST
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Mostly the portion that works in the City, oddly enough.
by ThatBritGuy (thatbritguy (at) googlemail.com) on Tue Feb 9th, 2010 at 10:13:08 AM EST
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About what I figured. So, I guess it all comes down to campaign contributions. With any reasonable budget and even one mangled testicle it should be possible to stir up quite a storm and ride it into office with a mandate to bridle the City. One just needs to be free to make the counter case that the City is a giant parasite on the body politic in the U.K. and that all else is just self serving propaganda.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Feb 9th, 2010 at 11:31:30 AM EST
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ARGeezer:
With any reasonable budget

That's your problem right there.

Also, media ownership. Ordinary non-City folk don't own newspapers.

Conversely City folk do own political parties - both of the ones that really matter.

And the other ones are too incoherent to make it a policy issue.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Tue Feb 9th, 2010 at 12:18:45 PM EST
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