Balance of Competences: Economic and Monetary Policy

Baroness Morgan of Cotes Excerpts

Thursday 27th March 2014 Written Statements

[The Economic Secretary to the Treasury (Nicky Morgan)]

HM Treasury today publishes a call for evidence as part of the fourth semester of the Government’s review of the balance of competences, which is looking at what the EU does and how it affects the UK.

The call for evidence looks at the balance of competence between the EU and the UK on economic and monetary policy. The document explains the historical development and legal background to the EU’s competence in this area and asks a number of questions about how the EU’s competence works in practice.

HM Treasury is seeking evidence from a range of stakeholders who have an interest or experience in these areas, including individuals, think-tanks, Parliament, academia and institutions.

The public call for evidence for this report will run from 27 March 2014 until 4 July 2014. The final report on the current balance of competence for economic and monetary policy and what this means for the national interest will be published by the end of 2014.

Copies of the document have been deposited in the Libraries of both Houses and it is available online on the gov.uk website.