Willy Hutton performing his valuable service as the butt end of our moral and policy compass:
The future of our defence, like the future of the City, lies in making common cause with Europe. It will be a rocky ride – the sceptics could yet force and win an anti-EU referendum. But exit will only trigger a faster recognition of the reality that is forcing the proposed deal between BAE and EADS. Our only future is European. Before 2030 Britain will be applying to join the euro – and thus beginning a catch-up with a Europe which by then will be much more prosperous than us, looted by our feckless elite and their Eurosceptic apologists. Watch and wait.
Clearly the entire EU project is about to fail imminently.