But of course what happens in the eurozone affects this country, and therefore it is important that we are fully engaged.
Turning to the Budget, we are all concerned to see today’s rise in overall unemployment. For those in work, the Chancellor said that his changes on pay and tax credits will make working families better off, but they will not. The Institute for Fiscal Studies has now made it absolutely clear that the idea that a higher minimum wage will compensate for the loss of tax credits is “arithmetically impossible”. Will the Prime Minister now admit that as a direct result of his cuts to tax credits millions of working families on low incomes will be worse off?