Louise Ellman
Main Page: Louise Ellman (Independent - Liverpool, Riverside)Department Debates - View all Louise Ellman's debates with the Cabinet Office
(14 years, 5 months ago)
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The Prime Minister
I can give that assurance. It is absolutely our view that we should not go further than the last Government, in our view, mistakenly went. Britain has advantages from staying outside the euro. I have never supported our membership of the euro and never will, because I have always believed that, once we join the euro, the pressures for single economic government get greater and greater, and that is what we are seeing within the eurozone. But it is in our interests for the countries of the eurozone to sort out their problems. We should not stand in their way, as they try to do that. Our conditions should be that we will not support something that transfers power from Britain to Brussels, and we will not support something that takes us further into financial support for the eurozone, but we should be in favour of measures to make sure that that zone works.
Mrs Louise Ellman (Liverpool, Riverside) (Lab/Co-op)
European investment funds have played a major part in boosting jobs and the economy in Liverpool and other parts of the north-west, with the Northwest Regional Development Agency playing a major role in ensuring that they come to the region. Was there any discussion about how that can be continued?
The Prime Minister
We did not discuss regional policy specifically. It is important that we make sure that investment continues into the regions, and the hon. Lady will know that we have announced plans for how we think we can do even better than the regional development agencies have done. I recently read out a list about some of the very wasteful amounts of spending they have been engaged in. What we want is real money going into our cities to make sure that development takes place. [Interruption.] The right hon. Member for Doncaster Central (Ms Winterton) shouts about Sheffield. I ask her to look at the shareholder structure of that organisation to see who would really benefit from that not very well thought through piece of financial engineering.