G8: Eurozone and UK Growth Debate

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Department: HM Treasury

G8: Eurozone and UK Growth

Lord Pearson of Rannoch Excerpts
Tuesday 2nd July 2013

(11 years, 5 months ago)

Lords Chamber
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Lord Newby Portrait Lord Newby
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My Lords, the Government support the efforts being made within the eurozone to develop closer economic co-ordination and they obviously also support some of the measures announced at the last EU summit, which will, to a limited extent, support the combating of youth unemployment.

Lord Pearson of Rannoch Portrait Lord Pearson of Rannoch
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My Lords, on the other hand, is not the only hope for economic growth to get our political class and its over-regulation off the backs of our productive industry and commerce? Therefore, are not the expressions “economic growth” and “eurozone” a contradiction in terms?

Lord Newby Portrait Lord Newby
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No, my Lords, I do not believe they are.