The Economic Secretary to the Treasury (Nicky Morgan)
HM Treasury has today published two calls for evidence as part of the Government’s review of the balance of competences, which is looking at what the EU does and how it affects the UK.
The first call for evidence looks at the balance of competence between the EU and the UK on the EU budget. The second looks at the balance of competence between the EU and the UK on financial services and the free movement of capital.
Both documents explain the historical development and legal background to the EU’s competence and ask a number of questions about how the EU’s competence works in practice.
HM Treasury is seeking evidence from a range of stakeholders who have an interest or experience in these areas, including individuals, groups, Parliament and its Committees, think-tanks, businesses and institutions.
The public call for evidence for both reports will run from 21 October 2013 until 17 January 2014. The final reports on the current balance of competence and what this means for the national interest will be published by the summer of 2014.
Copies of the documents have been deposited in the Libraries of both Houses and are available on the gov.uk website at: www.gov.uk/government/consultations /balance-of-competences-review-eu-budget
and
www.gov.uk/government/consultations/balance-of-competences-review-single-market-financial-services-and-the-free-movement-of-capital.