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The biggest reforms to the UK energy sector in two decades were set out yesterday (22 May), prompting warnings from consumer groups and green campaigners that they would raise bills and penalise renewable energy while boosting nuclear power.

Rules designed to beef up bank capital in the wake of the financial crisis were agreed by EU finance ministers in Brussels yesterday (15 May) after the UK won a concession enabling it to preserve control for national supervisory authorities.

British Chancellor George Osborne is set for a showdown or climb-down with his EU counterparts today (15 May) as finance ministers meeting in Brussels seek to push through capital requirements proposals against opposition from the UK and Bulgaria.

Former EU trade commissioner Peter Mandelson issued a ‘wake-up call’ to pro-Europeans, demanded a referendum on the future of the UK in Europe, and claimed the EU’s institutions need to be reformed.

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