UK Membership of EU

HM Treasury written question – answered on 21st October 2015.

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Photo of Emma Reynolds Emma Reynolds Labour, Wolverhampton North East

To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential effect on foreign direct investment of the UK leaving the EU.

Photo of David Gauke David Gauke The Financial Secretary to the Treasury

As the Chancellor of the Exchequer, my right hon. Friend the Member for Tatton (Mr Osborne) has noted, the best outcome for the UK economy is that we achieve major economic reform of the EU. The Prime Minister is focused on success: he believes he can and will succeed in reforming and renegotiating our relationship with the EU, and campaigning to keep the UK in the EU on that basis.

The Confederation of British Industry and British Chambers of Commerce have both come out to say they support the reform agenda the Prime Minister is seeking to deliver.

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