EU Council Debate

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Department: Cabinet Office
Monday 12th December 2011

(12 years, 5 months ago)

Commons Chamber
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Lord Cameron of Chipping Norton Portrait The Prime Minister
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I say to the hon. Lady, first, that the RBS report reminds us of the terrible effect on the rest of the economy when the banking system goes wrong because it is not regulated properly, so there is a very important connection. Secondly, other businesses require us to safeguard the single market, and that is exactly what I did.

Mike Weatherley Portrait Mike Weatherley (Hove) (Con)
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Given that we are the second largest contributor to Europe, does the Prime Minister agree that without our contribution Europe would fail?

Lord Cameron of Chipping Norton Portrait The Prime Minister
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It does mean that we have a huge amount of influence in the EU, and that we do drive, particularly in the area of single-market policies. My hon. Friend makes the point that we have to ensure that we get value for money, however, and that is why I am so keen that we manage to achieve a freeze in the EU budget this year.