Backlash over UK stance on euro bail-out

But Charles Grant, director of the Centre for European Reform, said there was increasing anti-British feeling across the EU, fuelled by the belief that Britain had allowed its currency to depreciate to gain a competitive advantage. "People are fed up with the British; we are deeply unpopular," Mr Grant said, warning that it would not be easy for the UK to find allies to help it on issues such as trying to revise an EU directive on hedge funds. "Nobody will owe us any favours," he said.