Penny Mordaunt
Main Page: Penny Mordaunt (Conservative - Portsmouth North)Department Debates - View all Penny Mordaunt's debates with the HM Treasury
(13 years, 1 month ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Osborne
I have made it a policy not to comment on the value of sterling and I do not intend to break that policy right now.
Penny Mordaunt (Portsmouth North) (Con)
Many of my constituents do not want the UK to be part of any new, permanent EU bail-out mechanism. Will the Chancellor confirm that under this Government we will not be part of such a mechanism?
Mr Osborne
I certainly can confirm that, and it is down to the hard negotiating effort of the Prime Minister at the European Council where it was agreed to wind down the temporary EU27 fund and that the permanent bail-out fund would not include Britain.