Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Stewart Hosie Excerpts
Tuesday 16th June 2015

(9 years, 6 months ago)

Commons Chamber
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George Osborne Portrait Mr Osborne
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I certainly commend my hon. Friend for his consistency. I remember that in his maiden speech he made the case for Britain leaving the European Union, and he will of course have his opportunity in the referendum. I would say that this is precisely the judgment that the British people and this Parliament have to make: what are the economic benefits of our European Union membership, such as the single market, and what would be the alternative? That will be part of the lively debate, and as I say, the Treasury will be fully involved in that debate.

Stewart Hosie Portrait Stewart Hosie (Dundee East) (SNP)
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There have already been a number of serious interventions in this debate suggesting that the in/out referendum will be disruptive for inward investment. At the very least, businesses seeking to invest need the certainty of knowing what the Chancellor believes success will be in the Prime Minister’s negotiations. Will he tell the House today what he considers success in terms of the outcome of the Prime Minister’s negotiations?

George Osborne Portrait Mr Osborne
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There are, of course, a number of things that we want to achieve. Speaking as the Chancellor of the Exchequer, I want to ensure that the European Union works for the citizens of the European Union and of the United Kingdom. That means that it must be a place where businesses want to grow, where jobs are created and that attracts investment from around the world. I do not want Europe to be the place that used to be the dynamic centre of the world, but is not any longer. That is what we are fighting for, and if we achieve it, it will be a success.

Stewart Hosie Portrait Stewart Hosie
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We all want to see a dynamic EU, but there were no specifics in that answer. Is it not the case that however bad the negotiations, the Chancellor will declare them a success, and however good the negotiations, the out-at-any-cost brigade will declare them an unmitigated disaster? Instead of pandering to the UKIP agenda, should the Government not pull the whole idea of this daft referendum?

George Osborne Portrait Mr Osborne
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I do not want to say this to the SNP spokesman, but I am not sure that he is speaking for Scotland, because 58% of Scots want a referendum and 63% of SNP supporters want a referendum. He needs to get in touch with his grassroots.