Lord Stoddart of Swindon – 2014 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Lord Stoddart of Swindon on 2014-04-01.

To ask Her Majesty’s Government how they envisage that the United Kingdom can maintain its influence in the European Union if it remains outside a reformed eurozone.

Lord Newby

As set out in the coalition programme for government, the UK will not be joining or preparing to join the European Single Currency in this Parliament. The UK can continue to be outside the euro and remain influential within the EU, as we are now. We work closely with member states on the key issues of the day– improving Europe’s competiveness, the single market, trade, taking tough action on Iran – and euro area members are often our closest allies. We have also been clear that as the euro area reforms, any new arrangements must work for those outside the single currency as well as those within it.