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Banking Union and Economic and Monetary Union

Part of Free School Meals (Children Over the Age of 16) – in the House of Commons at 4:59 pm on 6th November 2012.

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Photo of Greg Clark Greg Clark The Financial Secretary to the Treasury 4:59 pm, 6th November 2012

My hon. Friend is entirely right. I do not think that we should be shy about insisting on protecting something that is very important to us. The single market in financial services is essential, and the current proposals would compromise it.