ECOFIN

Lord Hammond of Runnymede Excerpts

Monday 8th July 2019 Written Statements

[The Chancellor of the Exchequer (Mr Philip Hammond)]

A meeting of the Economic and Financial Affairs Council (ECOFIN) will be held in Brussels on 9 July 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 8 July meeting of the Eurogroup, and the European Commission will provide an update on the current economic situation in the EU. Ministers will then discuss potential new sources of revenue for the upcoming multiannual financial framework: the EU’s long-term budget.

Own resources

The Finnish presidency will then give an update to the Council on the potential new sources of revenue for the upcoming multiannual financial framework, following a discussion during the early morning session.

Presidency work programme

The Finnish presidency will present its work programme on economic and financial matters for July to December 2019, followed by an exchange of views.

Appointment of the President of the European Central Bank

The Council will be invited to adopt a Council recommendation on the appointment of Christine Lagarde as the next President of the European Central Bank.

European semester

The Council will be invited to adopt the 2019 country-specific recommendations as part of the European semester process.

Any Other Business

The Dutch Finance Minister will brief Ministers on the topic of aviation taxation and carbon pricing.

[HCWS1700]