Penny Mordaunt
Main Page: Penny Mordaunt (Conservative - Portsmouth North)Department Debates - View all Penny Mordaunt's debates with the HM Treasury
(12 years, 6 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Osborne
I could not agree more with my hon. Friend. The European single market has helped the UK economy over the last couple of decades. We want to see it completed further and we want to see the services directive properly implemented. Competition has brought great benefits not just to the economy, but to European consumers, including those in this country. To my mind, that is what the European Union exists to do. It should make its contribution to growth across the continent.
Penny Mordaunt (Portsmouth North) (Con)
Will my right hon. Friend assure my constituents that the euro preparations unit has been abolished and that under this Government it will never be re-established?
Mr Osborne
That is an easy assurance for me to give to my hon. Friend’s constituents. There was a euro preparations unit in the Treasury when I arrived. It was shut down and it will not be reopened.