Recent developments within the regulation approach have highlighted the imp
ortance of discourse in securing the conditions for the stabilisation of ne
w modes of regulation. This paper considers the discursive construction in
the UK of Britain's relationship to European integration. Despite claims th
at the politics of the 'Third Way' offer an innovative and coherent framewo
rk for New Labour's political strategy, the evidence suggests that discours
es of national sovereignty and pragmatic economic national self-interest do
minate, In conclusion it is suggested that the development of transnational
discursive formations is a necessary precondition for the consolidation of
regulatory forms and processes that break with previous nationally focused
modes of regulation.