Economic Policy

Part of Prayers – in the House of Commons at 3:14 pm on 24 September 1992.

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Photo of Mr John Major Mr John Major , Huntingdon 3:14, 24 September 1992

I was chuckling at the right hon. and learned Gentleman's lack of understanding of how matters work in the Community. He seems to think that, when there is a problem, all we have to do is to persuade the remainder of Europe to do whatever is convenient for the United Kingdom. What does he think happens when it is not convenient for the remainder of the Community to do that? It would have been right to persuade the Community of the need for a general downward realignment of interest rates, but if others in the Community would not agree to that, how would the right hon. and learned Gentleman face that reality?