Libya/European Council

Mark Field Excerpts

Monday 28th March 2011 Commons Chamber

[The Prime Minister]

I will certainly look at the suggestion because I am absolutely clear about what the conversation was and that the current Chancellor did not support the action being taken by the previous Chancellor.

[Mr Mark Field (Cities of London and Westminster) (Con)]

The Prime Minister rightly points out that the Budget last week went into some detail about the support that we were going to give to small and start-up businesses. Will he go into a little more detail about the work he did this weekend in the European Council on micro-businesses, which will clearly be important organisms for growth in employment in the years ahead, both in Europe and throughout the world?

[The Prime Minister]

My hon. Friend makes an important point. Businesses that are either starting up now or are yet to start up will provide a lot of the growth in jobs, investment and opportunity here and elsewhere in Europe. What was encouraging about this European Council was that the Commission itself, in response to the letter that we had produced with other countries, brought up its own proposals, one of which was a moratorium on certain regulations for all new businesses for a specific period. That does not go quite as far as what we have done in the UK, but to hear the Commission talk about deregulation, cutting the burden of regulation and taking regulations off new small businesses was, I thought, very good progress.