When David Cameron appointed Lord (Jonathan) Hill, an influential but anonymous Tory peer more used to operating in the background, the fear was he’d be sidelined by new European Commission President Jean-Claude Juncker – especially after David Cameron’s attempt to veto Juncker’s candidacy. The portfolio for paper-clips (or trombones as they’d be known in Brussels) or some such. But, as ITV News reports:
In fact he’s been given one of the big economic jobs, and perhaps the one best suited to a UK Commissioner: financial services. Given London’s dominance and the EU’s known desire to clamp-down on everything from bonuses to a Financial Transaction Tax, this could hardly be better. It has long been the UK’s view that financial services regulation is best, where possible, left to the domestic regulator, and we can expect Lord Hill to take policy very much in that direction.
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