G20 Debate

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Department: Cabinet Office

G20

John Bercow Excerpts
Monday 7th November 2011

(12 years, 6 months ago)

Commons Chamber
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None Portrait Several hon. Members
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rose

John Bercow Portrait Mr Speaker
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Order. Given the intense interest in this statement and the fact that there are two further statements to follow, brevity is essential.

Lord Tyrie Portrait Mr Andrew Tyrie (Chichester) (Con)
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The European Commission has estimated that implementation of the financial transactions tax would reduce gross domestic product in the euro area by 1.8%. Of course, that would hit the UK disproportionately hard at a time when we need more growth, not less. Does the Prime Minister agree that, of all times, now is not the appropriate moment to consider such a controversial measure?

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None Portrait Several hon. Members
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rose

John Bercow Portrait Mr Speaker
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Order. In the interests of accommodating more colleagues, I now appeal for single, short supplementary questions and the Prime Minister’s characteristically pithy replies.

Julian Lewis Portrait Dr Julian Lewis (New Forest East) (Con)
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Why does the Prime Minister seem to think that the Greeks will be any more successful at staying in the euro than we were at trying to remain in the ERM?

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None Portrait Several hon. Members
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rose

John Bercow Portrait Mr Speaker
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Order. We have two further statements to follow and programmed business. I am sorry to have to disappoint a few colleagues today, but that is the way it is.