Economic Governance (EU) Debate

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Department: HM Treasury

Economic Governance (EU)

Jack Straw Excerpts
Wednesday 27th October 2010

(14 years, 1 month ago)

Commons Chamber
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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.

Jack Straw Portrait Mr Jack Straw (Blackburn) (Lab)
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The Minister says that there are no treaty changes on the table. Theoretically that is true, but he must be aware that in the statement issued after the meeting between Chancellor Merkel and President Sarkozy last week in Deauville, they made it explicit that they intended to put forward treaty changes and that the ambition of those changes would extend beyond simply the eurozone, which will have clear implications for the United Kingdom. In that case, will the Minister re-emphasise his clear statement—which I welcome—that the United Kingdom will not contemplate treaty changes that interfere with the right of the British Government and of this House to determine our own economic policy, including our own exchange rate policy?

Mark Hoban Portrait Mr Hoban
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Indeed, that is why we have secured a clear and explicit exclusion in the report from the Van Rompuy taskforce—an exclusion based on the Lisbon treaty, but also based on the opt-out that we secured from the Maastricht treaty—so that the sanctions do not apply to the UK. As I have said, at the moment there are no detailed treaty changes on the table. We will have to wait and see what the French and Germans put forward at the weekend.