EU Merger Control

Debate between Jacob Rees-Mogg and Nick Boles

Tuesday 3rd November 2015 General Committees

[Nick Boles]

Certainly, we have not suggested that in our response to the White Paper, and I do not believe that it is a position that we would want actively to promote, but if the hon. Lady wants to make representations to me or to the Government generally on the issue, I will be happy to consider them.

[Mr Jacob Rees-Mogg (North East Somerset) (Con)]

It is a pleasure to serve under your chairmanship, Mr Hanson, for, I think, the first time in one of these European scrutiny Committees, of which I have had much experience over the past six years. My hon. Friend the Minister has missed a great treat in not being able to come to more of them. I want to ask about his letter of 21 July 2015, in which he states:

“If a proposal does emerge from the White Paper, we think Articles 103 and 352 TFEU provide the likely legal base”.

If it is article 352, that requires an Act of Parliament to be brought into effect, as indeed is being debated at the moment, so I wonder whether he can give us an assurance that if the minority shareholder requirements remain, the Government will not give their consent, which will be fatal to the EU’s proposal.

[Nick Boles]

That was a long question, and I am happy to give a short answer: yes, I can give my hon. Friend that assurance.