European Union

The groundwork is being laid for everybody in Europe to be given new tax ID numbers, in preparation for moving to electronic money. Under plans by Brussels every working person in the EU is to be given a personal European Taxpayer Identification Number. The move, which has been dubbed “yet another signpost to Superstate”, follows the decision by the EU Parliament’s economic affairs committee to rubber stamp a plan by Commissioners to create a “common corporate consolidated tax base”.

Authored by The Saker,

EU leaders are bracing themselves for a future European Union without the UK, holding high-level meetings to decide the future of the Bloc amid a possible Brexit vote.  The leaders of Italy, France, Germany, Belgium and other core members discussed a “plan B” option on its future without the UK, and said that Europe would resolve to become a closer union with a strengthened army if Britain left. Independent.co.uk reports: Officials expect a punitive approach to Britain, with an official meeting of 27 leaders – excluding David Cameron – expected shortly after a potential Brexit vote.

It has emerged that detailed plans to move towards the creation of a European army are being kept secret from British voters until after the EU referendum on June 23rd. The plans reportedly involve establishing a new European military and operational structures which includes a headquarters. RT reports: The first step towards such a plan is said to be supported by Germany and other EU member states. The document, drawn up by the EU’s foreign policy chief, Federica Mogherini, will be discussed by European leaders at a summit on June 28.

Cable has strengthened notably in the last week or so as Cameron and Osborne unleashed phase 2 of "project fear" and 'some' Brexit polls suggested market fears of a 'leave' decision were overblown. However, the broad polls still show the decision is too close to call, which is why the news from Ladbrokes - Britain's largest bookmaker - that they have seen a sudden surge in Brexit bets in the last few days. Interestingly, sterling has started to leak lower today...