EU Council

Bill Esterson Excerpts

Monday 12th December 2011 Commons Chamber

[Mr Speaker]

I think that the sensible approach, in conformity with convention, is to stick to questions to and answers from the Prime Minister in this Chamber.

[Bill Esterson (Sefton Central) (Lab)]

In the words of one business leader today,

“Margaret Thatcher was a constant thorn in the side of European leaders, but she never vacated the negotiating table; I am anxious by the implications of what the prime minister has done.”

When will the Prime Minister give business in this country the reassurance that it needs about the impact that his walking away will have on jobs and the economy?

[The Prime Minister]

I think that business does understand that we must be in the European Union for trade, growth and jobs, and that our membership of the single market is key. However, there is a lot of damaging regulation coming from Brussels and we need to stand up to that. When new treaties are suggested that involve huge fiscal changes and other changes in the European Union, it is right that Britain should seek safeguards. I am not hearing the same message from business that the hon. Gentleman is hearing.