Eurozone Crisis Debate

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Department: HM Treasury

Eurozone Crisis

Mary Macleod Excerpts
Thursday 3rd November 2011

(12 years, 9 months ago)

Commons Chamber
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Mark Hoban Portrait Mr Hoban
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I think we would find that our credit rating would be under pressure, as Standard & Poor’s suggested in its report last month, and we know that when credit ratings are downgraded, the natural consequence is higher interest rates, which hits families and businesses and makes recovery harder to achieve.

Mary Macleod Portrait Mary Macleod (Brentford and Isleworth) (Con)
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The Leader of the Opposition does not believe that the EU has too much power. Will my hon. Friend confirm that we will never go into the euro?