Debate on Tuesday, 6 November 2012, in the House of Commons, led by Greg Clark. The answering member was Chris Leslie.

Banking Union and Economic and Monetary Union

[Relevant document: The Fourteenth Report from the European Scrutiny Committee, on Banking Union and Economic and Monetary Union, HC 86-xiv.] Amendment negatived on division (273 to 33). Main question agreed on question.

Secondary information

Type: Parliamentary proceeding
Reference: 552 cc804-830
Session: 2012-13
Department: Treasury
Chamber / Committee: House of Commons chamber
Related items: Banking Union and Economic and Monetary Union. European Scrutiny Committee fourteenth report with formal minutes.
Wednesday, 17 October 2012
Parliamentary committees
House of Commons
Proceeding contributions: Lindsay Hoyle | 552 c805 (Link to this contribution)
I inform the House that Mr Speaker has selected the amendment in the name of Mr William Cash.
...; Greg Clark | 552 cc805-6 (Link to this contribution)
I beg to move,
That this House takes note of European Union Documents No. 13682/12, a draft...; Wayne David | 552 c806 (Link to this contribution)
Does the Minister honestly believe that the Prime Minister throwing a tantrum, walking out of a C...; Greg Clark | 552 cc806-7 (Link to this contribution)
I and, I think, the country are pleased that the Prime Minister was prepared to stand up for Brit...; James Clappison | 552 c807 (Link to this contribution)
I warmly welcome the approach that my right hon. Friend is taking to the whole issue, and to voti...; Greg Clark | 552 c807 (Link to this contribution)
My hon. Friend is entirely right. I do not think that we should be shy about insisting on protect...; Bernard Jenkin | 552 c807 (Link to this contribution)
I, too, welcome my right hon. Friend’s approach, but may I caution him about the double-edged inv...; Greg Clark | 552 cc807-8 (Link to this contribution)
My hon. Friend is right to be alert to those dangers and risks. One of the clear principles on wh...; John Baron | 552 c808 (Link to this contribution)
I am very pleased to hear what the Minister is saying, but can he tell us what concrete guarantee...; Greg Clark | 552 c808 (Link to this contribution)
A number of mechanisms could require that, for example, the requirement for a dual majority. A nu...; William Cash | 552 c808 (Link to this contribution)
Does my right hon. Friend not accept that because this is governed by qualified majority voting, ...; Greg Clark | 552 cc808-9 (Link to this contribution)
As my hon. Friend knows, the ECB aspect of the regulation requires unanimity, and we regard both ...; William Cash | 552 c809 (Link to this contribution)
Does my right hon. Friend recall that in relation to the fiscal compact our representative at UKR...; Greg Clark | 552 c809 (Link to this contribution)
I am grateful to my hon. Friend for that. I am not as familiar as he is with what went on in the ...; Bernard Jenkin | 552 c809 (Link to this contribution)
My right hon. Friend made an important point when he said that the British Government would reser...; Greg Clark | 552 cc809-810 (Link to this contribution)
I do not think that there is any difference between us on this. It is essential that this arrange...; Wayne David | 552 c810 (Link to this contribution)
I welcome what the Minister has just said, but does he accept that in much of the documentation w...; Greg Clark | 552 cc810-1 (Link to this contribution)
Indeed it is. The point I am making very clearly—perhaps not clearly enough—is that I think there...; 552 c811 (Link to this contribution)
rose—; Nigel Evans | 552 c811 (Link to this contribution)
Order. Before I call the shadow Minister, let me remind the House that the debate is time-limited...; Chris Leslie | 552 c811 (Link to this contribution)
No pressure there, then, Mr Deputy Speaker.
I have a lot of sympathy with the Minister toda...; Jacob Rees-Mogg | 552 c811 (Link to this contribution)
rose—; Chris Leslie | 552 cc811-2 (Link to this contribution)
I will not give way yet, as I am conscious of the time.
We were right, too, to bail out the...; John Baron | 552 c812 (Link to this contribution)
What does the hon. Gentleman understand our guarantees to be to ensure that City interests are no...; Chris Leslie | 552 c812 (Link to this contribution)
As I shall come to, we should seek such key guarantees. I do not think that there is a sufficienc...; James Clappison | 552 c812 (Link to this contribution)
The phrase, “Staying in the room” is one we often hear. However, is it not the reality of the vot...; Chris Leslie | 552 c813 (Link to this contribution)
It is right for the hon. Gentleman to voice that anxiety. I do not want us to be on the margins, ...; Bernard Jenkin | 552 c813 (Link to this contribution)
It seems to me that the hon. Gentleman is trying to have his cake and eat it. Either he is going ...; Chris Leslie | 552 c813 (Link to this contribution)
The hon. Gentleman is too kind, as uncharacteristic of him as that may be.
I am afraid that...; William Cash | 552 c813 (Link to this contribution)
Will the hon. Gentleman give way?; Chris Leslie | 552 c813 (Link to this contribution)
I will in a moment, but I am conscious of time.
The motion expresses, in only the most gene...; William Cash | 552 c813 (Link to this contribution)
Surely the hon. Gentleman is missing one major point, which is that the transfer of the jurisdict...; Chris Leslie | 552 c814 (Link to this contribution)
I do not want to get too much into the history of these things. We could go back to the Maastrich...; Jacob Rees-Mogg | 552 c814 (Link to this contribution)
Will the hon. Gentleman give way?; Chris Leslie | 552 c814 (Link to this contribution)
I should like to make a little progress if I may.
I know that hon. Members will say, “How c...; Wayne David | 552 c815 (Link to this contribution)
My hon. Friend has set out a precise and appropriate agenda for the country to pursue, but does h...; Chris Leslie | 552 c815 (Link to this contribution)
I worry that that is the problem with the Government’s approach to the negotiations. I do not den...; 552 c815 (Link to this contribution)
rose—; Nigel Evans | 552 c815 (Link to this contribution)
Order. We will start with a six-minute limit, but it will have to be lowered. I call Mr Cash to m...; William Cash | 552 cc815-7 (Link to this contribution)
I beg to move amendment (a), in line 10, leave out from ‘and’ to end and add
‘whilst welcom...; Bernard Jenkin | 552 c817 (Link to this contribution)
Will my hon. Friend give way?; William Cash | 552 c817 (Link to this contribution)
I will certainly give way once.; Bernard Jenkin | 552 c817 (Link to this contribution)
Does my hon. Friend agree that for us to invoke the single market is doubled-edged, because in th...; William Cash | 552 c817 (Link to this contribution)
That is precisely right. It was never intended when we voted—and I voted at the time, with a rese...; John Baron | 552 c817 (Link to this contribution)
Will my hon. Friend give way?; William Cash | 552 c817 (Link to this contribution)
Just once more.; John Baron | 552 c817 (Link to this contribution)
Does my hon. Friend agree that the Government’s defence that QMV cannot be extended to decisions ...; William Cash | 552 cc817-8 (Link to this contribution)
I would go further and say that the Council’s legal adviser knows exactly what the position is, a...; Kelvin Hopkins | 552 cc818-9 (Link to this contribution)
I wish to speak briefly in support of the amendment, which I have signed, and to applaud everythi...; James Clappison | 552 c819 (Link to this contribution)
I warmly welcome the approach taken by my right hon. Friend the Minister for Europe and the words...; Martin Horwood | 552 c819 (Link to this contribution)
rose—; James Clappison | 552 c819 (Link to this contribution)
I shall give way to the hon. Gentleman if he is able to put a different complexion on the matter....; Martin Horwood | 552 c820 (Link to this contribution)
The hon. Gentleman is making an important point, but it surely only emphasises the importance of ...; James Clappison | 552 c820 (Link to this contribution)
The proposals are here in black and white. I hope very much that the hon. Gentleman will join us ...; Jacob Rees-Mogg | 552 c820 (Link to this contribution)
Further to the point made by our hon. Friend the Member for Cheltenham (Martin Horwood), is it no...; James Clappison | 552 c820 (Link to this contribution)
My hon. Friend pre-empts my next point. I am drawing attention to the voting arrangements laid do...; David Ruffley | 552 c820 (Link to this contribution)
If the opt-in countries and eurozone members are subject to the ECB rules but are not legally cal...; James Clappison | 552 cc820-1 (Link to this contribution)
My hon. Friend is right. It is quite extraordinary to have a regulation setting out that they mus...; 552 c821 (Link to this contribution)
rose—; Nigel Evans | 552 c821 (Link to this contribution)
Order. The time limit has been reduced to five minutes.
5.52 pm; Andrea Leadsom | 552 cc821-2 (Link to this contribution)
Like all Members here, I urge the Government to consider renegotiating Britain’s relationship wit...; Brian Binley | 552 cc822-3 (Link to this contribution)
I remember well those long-gone days when we were told that monetary union would bring strength t...; Nigel Evans | 552 c823 (Link to this contribution)
Order.
6.2 pm; Bernard Jenkin | 552 cc823-4 (Link to this contribution)
In some respects, this is a modest debate compared with last week’s, although it is worth reflect...; Andrea Leadsom | 552 c824 (Link to this contribution)
Will my hon. Friend give way?; Bernard Jenkin | 552 c824 (Link to this contribution)
I give way to my hon. Friend, who made a very able speech.; Andrea Leadsom | 552 c824 (Link to this contribution)
I am grateful to my hon. Friend, but I have to challenge him, because I think that the Government...; Bernard Jenkin | 552 c824 (Link to this contribution)
Unfortunately, our party’s leadership does not intend to start substantive renegotiation of our r...; Anne Main | 552 c824 (Link to this contribution)
Does my hon. Friend agree that we should use every opportunity and not waste any of them? We have...; Bernard Jenkin | 552 cc824-5 (Link to this contribution)
I am afraid that my hon. Friend is right that failure to get the maximum leverage out of these op...; Jacob Rees-Mogg | 552 c825 (Link to this contribution)
I have a feeling that Christmas has come particularly early this year, because I had the opportun...; Martin Horwood | 552 c826 (Link to this contribution)
Just to put the record straight for the benefit of Hansard, I do not love everything that comes o...; Jacob Rees-Mogg | 552 c826 (Link to this contribution)
I am enormously grateful to my hon. Friend, who gives me an extra minute every time.
This i...; 552 c826 (Link to this contribution)
rose—; Nigel Evans | 552 cc826-7 (Link to this contribution)
Order. I am calling the wind-up at 6.24 and we have two speakers left.
6.14 pm; Brooks Newmark | 552 cc827-8 (Link to this contribution)
I am delighted to follow my hon. Friend the Member for North East Somerset (Jacob Rees-Mogg), who...; 552 c828 (Link to this contribution)
rose—; Nigel Evans | 552 c828 (Link to this contribution)
Order. I call Mr John Baron, and I ask him to sit down no later than 6.24 pm.
6.19 pm; John Baron | 552 cc828-9 (Link to this contribution)
Like many other Members, particularly on the Government Benches, I have a healthy respect for the...; Nigel Evans | 552 c829 (Link to this contribution)
I am grateful to the Minister for agreeing to cut back his winding-up speech to just five minutes...; David Lidington | 552 cc829-830 (Link to this contribution)
I think that what has united all my hon. Friends who have spoken tonight is their justified anxie...
EC documents: 13682/2012;1093/2010;13683/2012;13854/2012;
Subjects: Banks Financial services EU action Economic and monetary union EU economic policy Regulation European Central Bank European Banking Authority
Link: View this Parliamentary proceeding on www.publications.parliament.uk

Banking Union and Economic and Monetary Union

Secondary information

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