European Council

David Nuttall Excerpts

Monday 1st November 2010 Commons Chamber

[The Prime Minister]

The answer is no, I did not do any of that. I am not quite sure what point the hon. Gentleman is making. Trade between European countries is extremely worth while: just as we sell important goods and services to Germany and France, so they sell to us. I would have thought that even he and the dinosaurs opposite would think that was a good thing.

[Mr David Nuttall (Bury North) (Con)]

I thank my right hon. Friend for his statement. Given that the proposed treaty change apparently will not affect the UK in any way, should we not simply leave it to the countries in the eurozone, which will be affected, to sign any new treaty? Should we not keep out of it?

[The Prime Minister]

My hon. Friend makes a fair point, but I think the best option for the UK, because this is a very limited treaty change about making this temporary mechanism permanent and because it is in Britain’s interests, as we do not want a eurozone that goes kaput and we do not want to have to join in bail-outs—that is what this is about—it is better that it takes place through existing operations. Also, as I said in the statement, we have to bear in mind the role of London and Britain as a key financial centre. That will be strengthened by what is being done rather than by any alternative.