European Council

Philip Hollobone Excerpts

Monday 21st June 2010 Commons Chamber

[The Prime Minister]

I am grateful for that question. There was a long discussion about the issue of a transaction tax, and great support for that within the European Council. I was keen to make sure that countries such as the UK that want to introduce a banking levy, and that would like international agreement but nevertheless want to go ahead in any event, should be able to do so without being bound by the EU to introduce a particular sort of tax or to spend the money in a particular sort of way. That was achieved.

If the hon. Lady looks at the EU Council’s conclusions, she will see that they say that we should continue to explore and develop the case for a transaction tax, which is sensible. However, I must tell her that it will be difficult to get international agreement for such a tax, which is why Britain is right to take the approach that it has taken.

[Mr Philip Hollobone (Kettering) (Con)]

There did not appear to be any agreement on the future shape of the European External Action Service. How can Britain’s best interests be advanced in that respect?

[The Prime Minister]

My hon. Friend makes a good point. Obviously, our party did not support the Lisbon treaty or the creation of the European External Action Service. I am very keen that resources are not badly spent or badly used on the service. Not much progress has yet been made. We will work to try to ensure that the service increases nation states’ ability to project themselves in the world, and does not become an expensive bureaucracy.