Oral Answers to Questions

Ben Bradshaw Excerpts

Tuesday 17th January 2012 Commons Chamber

[Mr Lidington]

A financial transfer tax would require unanimous agreement by all 27 member states, which is something that the single market Commissioner, Monsieur Barnier, has confirmed to me. The Prime Minister has made it clear that we would not agree to the imposition of such a tax.

[Mr Ben Bradshaw (Exeter) (Lab)]

What assessment has the Minister made of the impact on the EU economy of the recent behaviour of the Hungarian Government? Has he reminded that Government that there is an expectation that all EU members adhere to normal democratic norms?

[Mr Lidington]

We are certainly concerned about any developments in other EU member states which might lead to even greater economic instability than we currently see. I have talked about the concerns expressed in a number of quarters with regard to Hungarian legislation with my Hungarian opposite number and with the Commission. As the right hon. Gentleman may know, the Commission is due to release the results of its assessment about now. The Hungarian Government have said that they will consider carefully and constructively the comments that the Commission makes, whatever they are, and I believe that that is the right way forward.