23 Lord Lilley debates involving HM Treasury

Eurozone Financial Assistance

Lord Lilley Excerpts
Tuesday 24th May 2011

(14 years, 9 months ago)

Commons Chamber
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Michael Connarty Portrait Michael Connarty
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I will give way in a moment.

Everything I am discussing is the consequence of the things that the Governments of these countries did; this was not about the EU being in existence and not about their being members of the eurozone. These things were done by those Governments. The offer is that the IMF, the World Bank and the eurozone countries, mainly, will bail out those countries.

European Union Economic Governance

Lord Lilley Excerpts
Wednesday 10th November 2010

(15 years, 3 months ago)

Commons Chamber
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Lord Lilley Portrait Mr Peter Lilley (Hitchin and Harpenden) (Con)
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The question that this House must face is this: do these measures and the possible treaty change that they presage constitute a threat to the sovereignty of this country or an opportunity for us to regain a little sovereignty? If the measures envisage a substantive transfer of sovereignty, restricting our fiscal and economic freedom, then the issue is clear: we should veto them or seek a full exemption from them. If the Government were to contemplate accepting them without a full exemption, there would have to be a referendum. Indeed, the very prospect of a referendum would be enough to gain us full exemption. My hon. Friends have concerns, which I fully understand and respect, that although limited to giving information and possibly signing up to targets that we could not be compelled to meet, these measures may be the thin end of a Trojan horse—if I may mix my metaphors.

We have seen in the past how wording that has been glossed over has led to the transfer of powers. So far, I am not persuaded that the measures and what is envisaged in the treaty changes would result in a substantial transfer of sovereignty. However, I shall listen closely, and advise others to inspect thoroughly and scrutinise deeply. If at the end of the day we are signing up just to the sort of surveillance that we already receive from the IMF, that would not worry me too much. Indeed, then I would say to myself, “This is an opportunity.” If the measures solely concern the members of the eurozone, but none the less require our assent before they can go ahead, we should say to them, “We will let you do to yourselves what you want. We will give you the necessary approval, if in return you let us do some things that we want to do, which won’t concern you, by repatriating some powers.”

We on the Conservative Benches were elected on a manifesto that said:

“We will work to bring back key powers over legal rights, criminal justice and social and employment legislation to the UK.”

We have a target, and this is an opportunity, so we should seize it. However, we are, of course, a coalition Government, so we should seek modest returns of powers that are compatible with the objectives of the whole coalition. Liberal Members in the west country expressed their hope for a return of powers over fisheries; indeed, they stood at the election on it. Fisheries are not a big issue in my inland constituency, but I would be prepared to work with those Members for a return of powers.

However, the coalition agreement is quite specific. It says not only that we will

“ensure that there is no further transfer of sovereignty or powers over the course of the next Parliament,”

but that we will

“examine the balance of the EU’s existing competences and will, in particular, work to limit the application of the Working Time Directive in the United Kingdom.”

I therefore have a simple question for the Minister, which I hope he will answer in the affirmative in his winding-up speech. Will we be using this opportunity both to meet the objectives laid out clearly in the coalition agreement and, in return for our consent to such measures, to seek to limit the application of the working time directive to the United Kingdom?

Economic Governance (EU)

Lord Lilley Excerpts
Wednesday 27th October 2010

(15 years, 4 months ago)

Commons Chamber
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John Bercow Portrait Mr Speaker
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Order. I would remind the House that if I am to accommodate a reasonable number of colleagues within the very limited time frame available, brevity in both questions and answers is essential.

Lord Lilley Portrait Mr Peter Lilley (Hitchin and Harpenden) (Con)
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Can the Minister confirm that even if the proposed treaty concerns only and exclusively the member states of the eurozone, it would still require the support of the British Government to go ahead? Can he assure me that that support will not be given without obtaining concessions in return, such as the return of powers to this country that were unnecessarily given? Can he assure me that we will not give that support without demanding a price? This is the ideal opportunity to obtain that price.

Mark Hoban Portrait Mr Hoban
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My right hon. Friend makes an important point, but I would point out to him that, at the moment, there are no proposed treaty changes on the table. That may happen at the European Council next weekend, and we should respond to those treaty changes as they arise. However, I go back to the comments that my right hon. Friend the Prime Minister made: we will not agree to any changes to EU treaties that move more powers from this country to the EU.