Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Gemma Doyle Excerpts
Tuesday 26th June 2012

(11 years, 10 months ago)

Commons Chamber
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George Osborne Portrait Mr Osborne
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We have worked very hard to freeze the EU budget during the last couple of years and avoid the very large increases that both the Commission and the European Parliament have sought. We are now beginning the very important negotiations on the next multi-year budget framework, and our objective is to deliver the best deal for the British taxpayer and make sure that unnecessary money is not going over to Brussels.

Gemma Doyle Portrait Gemma Doyle (West Dunbartonshire) (Lab/Co-op)
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T10. Written answers to my hon. Friend the Member for Rutherglen and Hamilton West (Tom Greatrex) reveal that the nationalist Scottish Government have made no approach whatever to the UK Government on membership of the Bank of England’s Monetary Policy Committee. Does the Chancellor think that Scotland would have more influence on monetary policy as part of the UK or outside the UK using sterling as a foreign currency?

Danny Alexander Portrait The Chief Secretary to the Treasury (Danny Alexander)
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The hon. Lady refers to just one of a number of shambolic statements made by the Scottish National party since it launched its campaign for independence a few weeks ago, and not just on the Bank of England, but on financial services regulation. She makes the point very powerfully indeed that Scotland is “better together” as part of the United Kingdom. We have greater strength together as part of a more credible economic unit and part of the shared monetary policy of the Bank of England. All that would be jeopardised if Scotland were ever to become independent.