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24 January 2014

EU Red tape denounced at Davos

According to the Daily Telegraph, the UK Prime Minister has renewed his attack against Brussels bureaucracy at the Davos summit: "The European Commission is so obsessed with red tape that it believes removing regulations which damage businesses is an "act of self harm". Speaking in Davos, Switzerland, Mr Cameron said that the "fight is not yet won" as he set out plans for further reforms of the European Union ahead of a proposed referendum in 2017. He said that some European Commission officials think that they are "not doing their job" if they are not producing new regulations. He added that the European Parliament is tempted to "gold plate" every piece of regulation. He said that the EU is putting a potential fracking revolution which could lead to lower energy bills at risk with "burdensome, unjustified and premature regulatory burdens". He said: "There are still people who think that the key to success is ever greater social protections and more regulations.

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