'We agree that there should be no further transfer of sovereignty or powers over the course of the next Parliament.'

'We agree that there should be no further transfer of sovereignty or powers over the course of the next Parliament.' So says this government's coalition agreement. Where does that leave the EU's latest power-grab over regulating Hedge Funds and Private Equity? By rights the Conservative/LibDem government would fight this but it would seem that George Osborne will acquiesce.

Well did you really expect any more from this limp government?