Reproduced from the Ukip website:
"As the world continues to focus on the Greek economy and the future of the Euro, the European Union has proposed several key pieces of legislation which will have a significant impact on life in the UK.Wits about him? With the twits he has about him perhaps we should raise the white flag immediately?
The details, sent to European leaders ahead of their meeting in Brussels later this week, provide a useful smokescreen to the ongoing events in Greece, while having potentially devastating consequences for the UK in terms of industry, commerce and asylum if approved.
Later this week, the European Council will be discussing the following proposals:
* A financial transaction tax which will allow the EU to raise its own tax, even set its own tax rates, without democratic oversight. This money will be disproportionally raised in the City of London and will cripple London's place as one of the world's financial leaders.
* Finalisation of the EU's takeover of Britain's asylum rules. This means that Britain will not be able to set its own asylum policy.
* The economic governance package. This sees the EU having oversight of the UK's treasury decision. It demands budget approval ahead of the government presenting its Budget to the British people.
* Endorsement of EU Treaty change to allow for future economic bailouts of other EU countries. This would see Britain liable for massive unknown future costs running into billions.
* Informal agreement of Croatia joining the EU. This would see another four and half million people given access to the UK.
UKIP Leader Nigel Farage said: "A number of significant proposals will be discussed at this meeting, all of which could have devastating consequences for the UK.
"All of this will be discussed while Greece burns. It is our belief that this blizzard of potential legislation has been created in order to remove the focus away from Greece.
"David Cameron had better have his wits about him or otherwise he could find that Britain has lost the right to set its own taxes, budgets and asylum policy."