Think Tanks

Open Europe

21 Sep 2009 15:38:00

The dangers of the AIFM Directive

Open Europe

"The EU's AIFM Directive - likely impact and best way forward"(PDF)

Author: Mats Persson

Publication date: 21 September 2009

With an estimated 18,000 people in the UK directly employed in the hedge fund industry and the private equity sector, most of whom are based in the City of London, the Directive on Alternative Investment Fund Managers (AIFM) has the potential to have a great impact on the British economy. The author of this report which analyses the AIFM Directive is extremely concerned that the Directive will result in more costs and extra regulation with negligible benefit arising for an industry which has already been hit hard by the global financial crisis. The report concludes that in its current form the AIFM Directive is seriously flawed and has the potential to destroy thousands of jobs in the UK.

4 Sep 2009 14:30:00

The Irish Government's failure to dilute the Lisbon Treaty

Open Europe

"How the Irish Government lost out in negotiations on the Lisbon Treaty" (PDF)

Author: Open Europe

Publication date: 4 September 2009

The report details the failure of the Irish Government to dilute the Lisbon Treaty following the initial "No" vote. The report states that the Irish Government objected to some of the key elements of the Lisbon Treaty such as the appointment of a permanent EU President, the loss of a national veto in many important areas of policy and the creation of a European Public Prosecutor. Of a proposed 149 amendments from the Irish Government only 36 were accepted and since this report was published the Irish have voted to ratify the Lisbon Treaty.

30 Apr 2009 15:19:00

How the European Parliament has real power over our lives

Open Europe

"What does the European Parliament do and how does it affect your everyday life?" (PDF)

Author: Open Europe

Publication date: April 2009

This report tries to rebut the often held opinion that the European Parliament has no actual power. The report claims MEPs now have a "veto" over national governments on about 75% of all European legislation and that the Lisbon Treaty will increase the power of the European Parliament still further. The report contains several recommendations to make the European Parliament less distant and more transparent such as a 20% cut in salary for MEPs and full disclosure of their salaries, pension provisions and expense entitlements.

16 Mar 2009 16:15:00

Working time directive unworkable

Open Europe

"Time's Up - The case against the EU's 48 hour working week" (PDF)

Author: Open Europe

Publication date: 16 March 2009

A fierce critique of the EU's plans to make it illegal for UK citizens to work longer than 48 hours per week by way of the proposed Working Time Directive. The report argues that such a limitation would be completely impractical for a whole host of occupations (including front-line public servants) and would equally invade the liberty of those who wish to work longer hours to provide more money for their families. The report estimates a potential cost to the UK economy of between £9.2billion and £11.9billion if the Directive is implemented and questions the logic of passing such legislation particularly in the middle of a global recession.

1 Feb 2009 16:56:00

The true cost of EU regulation

Open Europe

"Out of Control? - Measuring a decade of EU regulation"(PDF)

Authors: Mats Persson with Stephen Booth and Sarah Gaskell. Edited by Lorraine Mullally.

Publication date: 1 February 2009

An analysis of the cost of EU regulation over the period from 1998 to 2008. The authors claim that the cost to the UK of EU regulation is rising constantly and the cost has increased from £16.5billion in 2005 to £28.7billion in 2008. The report estimates that at its current rate the cost of EU regulation will have risen to more than £356billion by 2018.