Coservative Party leader Michael Howard speaks to staff at investment bank Goldman Sachs in London, where he warned that the EU constitution, to be signed by Tony Blair tomorrow, will be "a giant ball and chain" round the ankle of British business. Mr Howard acknowledged that the status quo in Europe was "not an option" and described it as "a recipe for certain economic decline". 06/11/04: Labour launched a renewed assault on Michael Howard to mark the first anniversary of his appointment as Tory leader. Ministers claimed Mr Howard's lack of judgment during his first year at the helm showed he was unfit to be Prime Minister. 27/12/04: Michael Howard will this week launch plans to axe one in five MPs and ministers.