George Osborne is expected to set out five of the UK’s key economic demands in its renegotiation with the European Union.
In a speech to business leaders in Germany, the Chancellor will warn Brussels that the British people do not want an “ever closer union” with Europe.
Mr Osborne – who is taking a lead role in negotiations ahead of an EU referendum before the end of 2017 – will argue that further integration is putting a “strain” on Britain’s relationship with Europe.
He is also expected to outline five key demands for the Government as it seeks to change Britain’s relationship with the EU before the in/out vote.
These are:
:: Support for the integrity of the European Single Market
:: EU institutions must recognise that the EU has more than one currency
:: Non-eurozone members of the EU must be protected if the union integrates further
:: Participation in the banking union must be voluntary
:: UK taxpayers must not be responsible for bailing out eurozone countries