Eurozone Debate

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Department: HM Treasury
Monday 9th July 2012

(12 years, 4 months ago)

Lords Chamber
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Lord Davies of Oldham Portrait Lord Davies of Oldham
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My Lords, does the LIBOR scandal and other financial scandals strengthen or weaken Her Majesty’s Government’s plans for exceptional treatment in Brussels? Do we not have a common interest in a properly regulated single market? Would not Her Majesty’s Government, particularly the Prime Minister, be better involved in discussing these matters rather than sulking on the sidelines?

Lord Sassoon Portrait Lord Sassoon
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My Lords, the UK is very much involved in the discussions in Brussels. That is why, as I have already said, we secured important parts of the EU patent court coming to London. That is why we recently secured a new British head for the European Bank for Reconstruction and Development. We are at the table and that is where we intend to stay.