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ECOFIN: 12 February 2019

My right honourable friend the Chancellor of the Exchequer (Philip Hammond) has today made the following Written Ministerial Statement.

A meeting of the Economic and Financial Affairs Council (ECOFIN) will be held in Brussels on 12 February 2019. The UK will be represented by Mark Bowman (Director General, International Finance, HM Treasury). The Council will discuss the following:

Early Morning Session

The Eurogroup President will brief the Council on the outcomes of the 11 February meeting of the Eurogroup, and the European Commission will provide an update on the current economic situation in the EU.

European System of Financial Supervision Review

The Council will be invited to agree a General Approach on the review of the European system of financial supervision.

Current Financial Services Legislative Proposals

The Romanian Presidency will provide an update on current legislative proposals in the field of financial services.

Decision Making in EU Taxation Policy

The Council will hold an exchange of views on the European Commission’s proposal to move to Qualified Majority Voting (QMV) in EU taxation policy.

Fiscal Sustainability Report

The Council will be invited to adopt Council conclusions on the 2018 Fiscal Sustainability Report.

Discharge of the EU Budget

The Council will be invited to approve a Council recommendation to discharge to the European Commission in respect of the 2017 EU Budget.

EU Budget Guidelines

The Council will be invited to adopt Council conclusions on the EU Budget guidelines for 2020.

AOB – Carbon Pricing and Aviation Tax

The Dutch Finance Minister will present a paper to the Council on carbon pricing and aviation tax.