Financial Times FT.com

Britain heads for EU rift over regulation

By George Parker and Nikki Tait in Brussels and Ben Hall in Paris

Published: March 19 2009 22:34 | Last updated: March 19 2009 22:34

Britain is heading for a clash with France and Germany over plans for a new European Union framework to set financial rules.

London fears the new system could become an unwieldy forum dominated by horse trading among member states.

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