Breaking

BofA's Countrywide Is Ordered to Pay $1.3B for Defective Loans
Tweet TWEET

Hague to Review Effect of EU Laws on Britain, FT Reports

U.K. Foreign Secretary William Hague will tell British lawmakers today that his team is undertaking a “comprehensive audit” of European Union legislation, its effect on business and its possible overlap with U.K. law, the Financial Times reported.

An audit proposal was included in the coalition agreement that linked the Conservative Party and the Liberal Democrats to form the current government and referred explicitly to the EU’s working-time directive, unpopular with business, the FT said.

The audit won’t be completed until 2014, according to the newspaper.

To contact the reporter on this story: John Simpson in Toronto at jsimpson12@bloomberg.net

To contact the editor responsible for this story: Greg Chang at gchang1@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.