The British Government is set to oppose plans for legally binding EU supervision of the financial markets. The issue is up for discussion as EU heads of states gather in Brussels for their latest summit today. The EU wants to impose tighter monitoring and control of financial institutions in an effort to prevent the reckless practices that have caused the global recession. However, British Prime Minister Gordon Brown is set to argue that legally binding decisions affecting London's financial district should not be made in Brussels because the British Government will have to pick up the tab if those decisions go wrong.