---

European Council

I am afraid I do not agree with the hon. Gentleman. Britain has leading industries in services, energy and the digital economy. If we can complete the single market in those areas, there are real opportunities for British business. The additions to gross domestic product that we would have through completing the single market in those areas would partly mean jobs, investment and growth here in the UK. When there is no room for fiscal stimulus, as there is not in the UK because the budget deficit is so big, and when we already have a very accommodating monetary policy, the right way for growth is to look at structural reform and changes, just as we are doing through the EU.