EU Council

We have just achieved the biggest return of powers since Britain joined the European Union, which is the opt-out from Justice and Home Affairs, where 100 measures came back to Britain. We have seen exactly the same, and we will see more, with regard to the eurozone, where we want to make absolutely sure that we suffer no disadvantage, we cannot be involved in bail-out schemes, and the British position is protected. That is a return of power. Look at what we are trying to achieve on deregulation, where we are saying that we need deregulation targets and cuts in regulation—that is about powers coming back to Britain. If you look at what we are saying about a subsidiarity test where every year the European Council should be asking, “Are these powers and these areas of powers still necessary, and can they be returned?, you see that the whole aim of this renegotiation is to say, “Yes, we are part of a European Union that is reformed and that can achieve greater prosperity and greater security for Britain, but we are doing it as a proud nation state with institutions that serve the people who put us here.”