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European Council

Part of Oral Answers to Questions — Work and Pensions – in the House of Commons at 3:30 pm on 24th October 2011.

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Photo of David Cameron David Cameron The Prime Minister, Leader of the Conservative Party 3:30 pm, 24th October 2011

I can absolutely give my hon. Friend that assurance. If he looks at what we have achieved in a relatively short time—getting out of the bail-outs, getting agreement among the big countries for a freeze in the European budget this year and getting the European Commission to focus on deregulation rather than regulation—he will see that they are all important. I agree with his first point. A lot of companies come and invest in Britain not just because of our economic strengths, our flexible labour markets and all the rest of it, but because of access to the world’s biggest single market, which is important for investment into Britain by American, Japanese and other firms, creating the jobs and wealth that we need.