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The Chancellor of the Exchequer (Mr Philip Hammond)
A meeting of the Economic and Financial Affairs Council (ECOFIN) will be held in Brussels on 12 February 2019. The UK will be represented by Mark Bowman (Director General, International Finance, HM Treasury). The Council will discuss the following:
Early morning session
The Eurogroup President will brief the Council on the outcomes of the 11 February meeting of the Eurogroup, and the European Commission will provide an update on the current economic situation in the EU.
European system of financial supervision review
The Council will be invited to agree a general approach on the review of the European system of financial supervision.
Current financial services legislative proposals
The Romanian presidency will provide an update on current legislative proposals in the field of financial services.
Decision making in EU taxation policy
The Council will hold an exchange of views on the European Commission’s proposal to move to qualified majority voting (QMV) in EU taxation policy.
Fiscal sustainability report
The Council will be invited to adopt Council conclusions on the 2018 fiscal sustainability report.
Discharge of the EU budget
The Council will be invited to approve a Council recommendation to discharge to the European Commission in respect of the 2017 EU budget.
EU budget guidelines
The Council will be invited to adopt Council conclusions on the EU budget guidelines for 2020.
AOB—carbon pricing and aviation tax
The Dutch Finance Minister will present a paper to the Council on carbon pricing and aviation tax.
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