Economic Governance (EU) Debate

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Department: HM Treasury

Economic Governance (EU)

Baroness Hoey Excerpts
Wednesday 27th October 2010

(13 years, 6 months ago)

Commons Chamber
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Mark Hoban Portrait Mr Hoban
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I take the view that the measures that my right hon. Friend the Chancellor has announced in relation to strengthening the fiscal framework, and the consolidation that he announced last week, will ensure that we will not be subject to any surveillance whatever.

Baroness Hoey Portrait Kate Hoey (Vauxhall) (Lab)
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It is all very well for this taskforce to report on the fiscal discipline of eurozone countries, but what about the fiscal discipline of the European Union generally? It has not even got its accounts properly audited. What are we going to do not only to stop the budget going up but to achieve a cut in the amount of money that we have to pay to the European Union? If we want to ask people what they feel about this, let us have a referendum on whether we should be paying more to the European Union.

Mark Hoban Portrait Mr Hoban
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The hon. Lady makes some sensible points about this matter, but she needs to speak to some of her own colleagues in the European Parliament, because they voted against the freeze on the budget. And of course it was her right hon. and hon. Friends who gave away some of our rebate as well. That is part of the problem that this Government are trying to sort out.