Section 5 of the European Communities (Amendment) Act 1993

Part of Oral Answers to Questions — Prime Minister – in the House of Commons at 1:47 pm on 30 April 2014.

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Photo of Nicky Morgan Nicky Morgan Minister for Women, The Financial Secretary to the Treasury 1:47, 30 April 2014

To respond briefly, I entirely understand my hon. Friend’s point. I suspect he will be pleased that the money has come to the Isle of Wight. I take his broader point about the benefits of membership and the amounts of money spent, which could be the subject for a different debate at a different time. In respect of the EU budget, it is also worth remembering that the Prime Minister went to Europe last year to negotiate a smaller future budget contribution over the course of the next seven years, which had never been achieved before. His determination to work with like-minded member states to achieve that is what enabled it to happen. I would have thought that all Members, and particularly Conservative Members, would hugely welcome that.

The need comprehensively to address Europe’s growth challenge, tackling overall low productivity and the lack of economic dynamism and flexibility, is more pressing than ever before, and it is in our interest to make urgent progress. That is why the UK will continue to push this agenda at the highest levels and encourage the new Commission to take structural reform seriously.

To conclude, the Government are committed to ensuring that, in line with section 5 of the European Communities (Amendment) Act 1993, this House approves the economic and budgetary assessment that forms the basis of the convergence programme. Following what I hope will be the House’s approval of that assessment, the Government will submit the convergence programme to the European Commission, which will make its recommendations to all EU member states in early June. These recommendations will then be considered by the ECOFIN Council on 20 June and agreed by Heads of State or Government at the European Council on 26 and 27 June.

To reiterate, the convergence programme contains no new information, but only information that has been presented previously to Parliament—information from the OBR’s economic and fiscal outlook and from the Budget, which sets out the Government’s strategy to return the UK to sustainable growth. For the reasons I have outlined, I ask the House to support the Government motion and I look forward to hearing the debate.