Foreign Affairs and International Development

Kelvin Hopkins Excerpts

Tuesday 15th May 2012 Commons Chamber

[Mr Alexander]

I think I am with my right hon. Friend in all of his remarks. Perhaps I shall write to him on the final phrase of his intervention.

In all seriousness, isolation can sometimes be a price worth paying for getting one’s own way in international affairs, but isolation achieving only defeat is surely unforgiveable. Even at this late stage, the Government must set out what steps they will take to ensure that real and urgent progress is being made at this month’s EU Council meeting. Alongside the welcome measures—

[Kelvin Hopkins (Luton North) (Lab)]

rose—

[Mr Alexander]

I am happy to give way and I am sure that it will be a comradely and unifying question.

[Kelvin Hopkins]

Indeed. On a positive note, it is certain that at least one member of the eurozone, and almost certainly several others, are about to recreate their own national currencies. Given that we sensibly have our own national currency, is there not a good case for us building strong relationships with these countries with their new national currencies? We could work with them to mutual benefit and help them in their difficulties.

[Mr Alexander]

There is a rare moment of unity between myself and the Chancellor of the Exchequer in saying that I am not sure it is entirely wise to speculate today about which countries have a future within the eurozone. But I would certainly concur with my hon. Friend’s point that the Labour Government did make the right choice in saying that the economics did not make the case for Britain entering the euro. I know that it was the present Foreign Secretary who argued that we had 24 hours to save the pound. I checked, and I think we have had 90,192 hours since he made those remarks, and as far as I am aware, we all still have a pound in our pocket, thanks to the actions of 13 years of a Labour Government and a little time from the Conservatives thereafter.