James Clappison
Main Page: James Clappison (Conservative - Hertsmere)Department Debates - View all James Clappison's debates with the HM Treasury
(14 years, 1 month ago)
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Mr Hoban
I am not entirely sure which planet the right hon. Gentleman is on at the moment. We need to ensure that the eurozone functions effectively, but we have secured an opt-out from the sanctions proposals, originally through the opt-out in the Maastricht treaty and reinforced by the Lisbon treaty. That is the right place for this country to be in, and that is why the coalition Government are right behind that position.
Mr James Clappison (Hertsmere) (Con)
May I congratulate my right hon. and hon. Friends on their refreshing approach of standing up for Britain’s interests in Europe, in contrast to that of Labour Members and their MEPs? Will they bear in mind, however, that there is little appetite for any extension of the competence of the EU into economic governance through any legal framework, whether by treaty or otherwise? There is still less trust in the institutions of the European Union, including the Commission, given the way in which the competence of the EU is for ever being expanded and the fact that previous safeguards in other areas have turned to dust.
Mr Hoban
My hon. Friend makes an important point. I know that he thinks about these issues very deeply, and I would encourage him to read the final report of the taskforce. It sets out our exemptions explicitly, and he will recognise that they will protect the UK’s position and help to develop a strong and stable eurozone, which is also in our long-term economic interests. The document makes it clear that we are outside the sanctions regime that applies to members of the eurozone and others.