G8: Eurozone and UK Growth

Lord Pearson of Rannoch Excerpts

Tuesday 2nd July 2013 Lords Chamber

[Lord Newby]

My Lords, the Government support the efforts being made within the eurozone to develop closer economic co-ordination and they obviously also support some of the measures announced at the last EU summit, which will, to a limited extent, support the combating of youth unemployment.

[Lord Pearson of Rannoch]

My Lords, on the other hand, is not the only hope for economic growth to get our political class and its over-regulation off the backs of our productive industry and commerce? Therefore, are not the expressions “economic growth” and “eurozone” a contradiction in terms?

[Lord Newby]

No, my Lords, I do not believe they are.