Genuine Economic and Monetary Union and the Implications for the UK

The House of Lords EU Sub-Committee on Economic and Financial Affairs launched a new inquiry into EU “Genuine Economic and Monetary Union” and its implications for the UK, and published the report on 14 February 2014. 

Inquiry status: Inquiry concluded, Report and Government Response published. Debate took place on 2 July 2014.

The move towards an increasingly integrated monetary union within the EU’s inner core is seen as essential to securing the future of the eurozone. Yet the consequences for non-euro area Member States, not least the UK, are massive.

The Committee published a Call for evidence, and is inviting written responses by 24 June 2013. The Committee began hearing oral evidence in May.


Members interests

Members' interests in relation to scrutiny

The Members of the Sub-Committee have declared the following interests in relation to their scrutiny work:

Members are required to register any financial and non-financial interests that a reasonable member of the public might think would influence their actions in Parliament. The full text of the Register is available online: