Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, whether the commitments contained in the Decision of the Heads of State or Government, meeting within the European Council, on 18 and 19 February 2016 not to create obstacles to, but facilitate such deepening of the Eurozone and to sincere cooperation with the Eurozone, create any additional legal obligations to those already contained in Article 4 (3) of the Treaty on European Union.

No new legal obligations on the UK have been created in this regard. The Eurozone is a key trading partner for the UK and a stable, successful Eurozone economy is of vital importance to the UK’s own economic security. While the UK Government supports the Eurozone taking the steps it needs to succeed, the Prime Minister has secured a legally-binding agreement which recognises that the UK should not be forced to participate nor have its interests undermined.