Oral Answers to Questions

Peter Bone Excerpts

Tuesday 4th September 2012 Commons Chamber

[Mr Lidington]

We make all sorts of contingency plans for all sorts of contingencies, as the hon. Gentleman would expect, but I say this to him: while I believe the United Kingdom is much better off outside the eurozone, those 17 countries have taken democratic sovereign-national decisions to form this currency union, and we who support national independence and the right of nations to determine their own futures should respect those decisions.

[Mr Peter Bone (Wellingborough) (Con)]

Is it not the role of Government to say what would be best for the whole of Europe, and is not what would be best for the whole of Europe an orderly break-up of the euro?

[Mr Lidington]

The best thing for the future of Europe would be for Europe to start to get to grips with the shift in global economic power to Asia and Latin America that is taking place as we speak, and to focus on making it easier for European businesses to compete through enlarging and deepening the single market, through encouraging free trade with other parts of the world and through cutting the red tape that holds European businesses back compared with those in Asia and south America.