Is that a for or against?

I am aware that this blog has not pronounced on yesterday's debate and vote in the Lower House but that will have to wait until I get hold of a copy of Hansard that I can scribble nasty comments on. In the meantime, let us turn our attention to the Upper House.

Lord Stoddart of Swindon asked a written question.

To ask Her Majesty's Government what is their assessment of the plan outlined by the German Finance Minister on 16 October to create a European Union commissioner for economic and currency affairs with the power to regulate national budgets.

The answer, given by Lord Sassoon's minions is worth pondering over:

There have been no formal proposals for a European Union (EU) commissioner for economic and currency affairs with the power to regulate national budgets. Were a proposal to create a EU commissioner put forward, the Government would need to make a careful assessment, taking into account the national interest of the UK.

Is that HMG being in favour of such a position or against?