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EU Membership (Renegotiation)

Part of Oral Answers to Questions — Foreign and Commonwealth Office – in the House of Commons at 11:30 am on 3rd March 2015.

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Photo of Philip Hammond Philip Hammond Secretary of State for Foreign and Commonwealth Affairs 11:30 am, 3rd March 2015

It is that we need to resolve this issue. Of course, most people in this country recognise the value of the single market to Britain’s economy, but that comes at a price and it is a price we pay in loss of sovereignty and loss of control over many of our own affairs, including some that we do not need to lose control of. The debate will be on the correct balance between what is done at national level and what is done at European level, on the accountability of the European Union institutions to the people of the European Union, and on the European Union’s ability to drive economic growth across all our economies. That is what people in this country want resolved, and by resolving it we will create a more certain climate for business in the future.