Brown urges stronger US ties
Chancellor Gordon Brown is urging Europe and America to 'liberalise services' and 'agree a more consistent approach to competition policy' in a bid to prevent differences over the Iraq war damaging commercial relations.
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Speaking to the British Chamber of Commerce annual conference in London, he said: ‘We must create as strong economic and political ties so that together in these dangerous post-cold war years we can work together in pursuit of peace and prosperity.
‘We must strengthen, not weaken our links and deepen and widen the transatlantic alliance.’
He was understood to be urging the closer alignment of financial services regulation and accountancy standards – without suggesting the adoption of the US approach – and the adoption of similar approaches to public procurement and competition policy.