ECOFIN: 6 November 2018

Treasury written statement – made on 6th November 2018.

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Photo of Philip Hammond Philip Hammond The Chancellor of the Exchequer

A meeting of the Economic and Financial Affairs Council (ECOFIN) will be held in Brussels on 06 November 2018. The UK will be represented by Mark Bowman (Director General, International Finance, HM Treasury). The Council will discuss the following:

European Free Trade Association (EFTA) dialogue

EU Finance Ministers will be joined by representatives of the EFTA countries to exchange views on the opportunities and challenges of FinTech to the financial sector and economic growth.

Early Morning Session

The Eurogroup President will brief the Council on the outcomes of the 05 November meeting of the Eurogroup, and the European Commission will provide an update on the current economic situation in the EU. The Council will also exchange views on the Annual Report of the European Fiscal Board.

Digital Services Tax

The Council will exchange views regarding the state of play of the negotiations on the Digital Services Tax Directive.

Current Financial Services Legislative Proposals

The Austrian Presidency will provide an update on current legislative proposals in the field of financial services.

European Court of Auditors’ Annual Report

The President of the Court of Auditors will present the Auditors’ report on the implementation of the budget of the European Union for the 2017 financial year.

EU Statistical Package

The Council will be invited to adopt Council Conclusions on the autumn EU statistical package and to review progress achieved, providing guidance for further work in this area.

Conclusions on Climate Finance

The Council will be invited to adopt Council Conclusions on climate finance as part of the annual process in the run up to the United Nations Framework Convention on Climate Change (UNFCCC) Conference of Parties (COP) in Poland on 02-14 Dec.

Follow-up to the G20 Meeting of Finance Ministers and Central Bank Governors and of the IMF Annual Meetings in Indonesia

The Austrian Presidency and the Commission will present the main outcomes of the G20 Meeting of Finance Ministers and Central Bank Governors and of the IMF Annual Meetings between 11 and 12 October in Bali, Indonesia

This statement has also been made in the House of Lords: HLWS1044