The UK has taken a “schizophrenic” and “immature” attitude towards the EU’s post-crisis regulatory agenda, according to a former MEP who led European Parliament talks on a swathe of new reforms.

Sharon Bowles, a former UK Liberal Democrat MEP who also chaired the influential Economic and Monetary Affairs Committee, this morning accused the UK of reacting "immaturely" to reforms introduced by the European bloc since the 2008 financial crisis.