Seema Malhotra
Main Page: Seema Malhotra (Labour (Co-op) - Feltham and Heston)Department Debates - View all Seema Malhotra's debates with the Cabinet Office
(8 years, 2 months ago)
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Seema Malhotra (Feltham and Heston) (Lab/Co-op)
The European Investment Bank provides vital funds for affordable housing, hospitals, investment in new technologies and our utilities. We received £5.6 billion last year for projects up and down the country. Has the Prime Minister had any discussions about our stake in the European Investment Bank—we hold a sixth of the shares—and will she confirm that she will do nothing to put it at risk?
The Prime Minister
The hon. Lady makes an important point. I can inform her that the Treasury is in discussions with the European Investment Bank. We recognise the important role the bank plays and want to ensure that nobody loses out as a result of the decision taken by the British people. Those discussions are ongoing with the European Investment Bank.