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EU: Non-compliance

Volume 717: debated on Monday 8 February 2010

Question

Asked by

To ask Her Majesty's Government what will be their response to any proposal from the European Parliament to remove the power of member states to veto decisions of the new European Union financial regulators where they would impact on member states' fiscal autonomy. [HL1866]

The Government have been very clear that no decisions by the new European supervisory authorities should impinge on the fiscal responsibilities of the UK. The Government will oppose any proposal of the European Parliament that seeks to undermine this principle.