Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Kelvin Hopkins Excerpts
Tuesday 19th January 2016

(8 years, 11 months ago)

Commons Chamber
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David Gauke Portrait Mr Gauke
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I am sure that will be one of the issues discussed at length during the referendum debate. The point is that under this Government the British people will have an opportunity to express their views on where our future lies.

Kelvin Hopkins Portrait Kelvin Hopkins (Luton North) (Lab)
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Britain has been a significant and, in recent years, a substantial net contributor to the EU budget. For over 40 years, this has had a negative impact on UK economic growth and GDP, the cumulative effect of which has been very large. Would leaving the EU not take that particular brake off UK GDP growth?

David Gauke Portrait Mr Gauke
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One point I would make is that thanks to Margaret Thatcher’s renegotiation of the rebate and thanks to the current Prime Minister’s negotiation of the EU budget resulting in a real-terms cut, we are paying less than we otherwise would have done.