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European Council

I am grateful for my hon. Friend's support. He is absolutely right that that treaty places no obligations on us. It is worth making the point that it does not have the force of EU law: not for us, not for the EU institutions and not for the countries that sign it. As he knows, my view is that while we have reserved our legal position on the use of the institutions because there are real concerns, the path he outlines—of a legal challenge—is a less good one than using our leverage and influence to ensure that the agreement sticks to fiscal union rather than gets into the single market. That is the right approach and the one we are pursuing.