Advertisement

Cameron: 'Britain Will Stay Out Of Eurozone'

Cameron: 'Britain Will Stay Out Of Eurozone'

David Cameron has told MPs Britain will remain outside the Euro as long as he is Prime Minister.

Mr Cameron, giving evidence to the House of Commons Liaison Committee, admitted there were also "very real" questions about whether the political will existed to fix fundamental problems with the eurozone.

He said the "logical" step to deal with fears over the future of the single currency would be a much closer fiscal union.

He added it was in Britain's interests that the Eurozone "got its act together" while also protecting itself.

He told MPs: "We are not going into the euro, but our relations with the eurozone matter.

"We want a eurozone that works, that functions and functions better than it is at the moment.

"The Chancellor and I have both said that the logic of monetary union is a greater fiscal union and we see the eurozone countries moving in that direction.

"I don't think we should stand in the way of them making some progress."

He added: "I have always said there are some areas where Britain could benefit in taking some powers back from Brussels.

"But I think we are someway down the road from a treaty."

The Prime Minister was also questioned about media regulation, in the wake of the phone hacking scandal.

He said the relationship between politicians and the media "needs resetting for better regulation, partly because of abuses that have taken place".

"Clearly there have been some bad cases of abuse by the media...there is an opportunity now to deal with it," he added.

He added there was a need for a draft Bill to look at the issue of parliamentary privilege and how it is used.

Challenged on whether he allowed himself to get too close to media proprietors and editors, Mr Cameron said: "Yes."

But he stressed that his contacts were not only with Rupert Murdoch's News International but with a wide range of media organisations.