British believe one of the single market pillars is threatened. Reactions to the European Council's decision not to maintain the notion of “free and undistorted competition” among the Union's aims, by transferring it to a protocol, confirm that the debate on the substance of European economic policies has now begun. Reassuring explanations making this more of a symbolic initiative (see yesterday's column), have not, however, reassured those who see this as a sign. British financial...