Lord Stoddart of Swindon (yes, him again) put down a Written Question:
To ask Her Majesty's Government whether they will investigate the balance of powers between the United Kingdom Parliament and the European Parliament following the implementation of the Lisbon treaty.Lord Howell's reply raised more questions than it answered:
The Government are examining the case for a United Kingdom Sovereignty Bill, to make it clear that ultimate authority remains with the UK Parliament. The common law is clear-the UK Parliament is sovereign. We are examining whether the common law provides sufficient ongoing and unassailable protection for the principle of parliamentary sovereignty.So what will happen if Parliament refuses to implement certain financial directives that are likely to destroy the City?