THE CBI will today urge Tony Blair to stand firm at next weekend's key inter-governmental meeting in Brussels to agree a new EU constitution, warning that otherwise fundamental damage will be done to Britain's business interests.
The employers' organisation has identified half a dozen "business red lines" which the text of the Treaty must not cross if the UK's position on tax, employment and economic policy are to be safeguarded.
In particular, it is concerned that Britain's veto on tax and social policy and its control over North Sea oil and financial regulation would be undermined as the draft constitution stands.
Digby Jones, the director general of the CBI, said: "The draft constitution includes serious threats to British business, hidden in a fog of bureaucratic language that leaves so many questions in the air. It is imperative that the text is unambiguous and absolutely watertight."
After a three-month consultation involving 800 of its members, the CBI has identified six key areas where it wants Mr Blair to insist on the constitution being beefed up to protect UK interests.
It wants member states to have the power to "red card" any proposals from the European Commission if they are opposed by a third of national parliaments. As it stands, the draft …