Today's response reinforces the local approach the Government is taking to grow the economy. Jobs are created in offices, on high streets and in industrial parks around the country, not in Whitehall.
We are giving more power than ever before to Local Enterprise partnerships and councils to drive growth in ways that best suit their local economy, not through diktats from central government bureaucrats.
This is also a challenge to councils to innovate, to come together and pool resources and functions, to better deliver economic development across their area.
The Greater Birmingham Project Report was launched today, exploring ways of stimulating economic growth in the West Midlands.
The project, which is being piloted in the West Midlands, is being led by Lord Heseltine who will present the recommendations made in the report to the Prime Minister about ways the Government can help Birmingham to flourish.
The Chancellor George Osbourne is expected to comment on the suggestions in the report tomorrow.
To commit to a referendum about a negotiation that hasn't begun, on a timescale you cannot predict, on an outcome that's unknown, where Britain's appeal as an inward investment market would be the centre of the debate, seems to me like an unnecessary gamble.
If I was responsible for inward investment into any of our European colleagues, it would give me the best argument I could dream of.
Why put your factory [in Britain] when you don't know - and they can't tell you - the terms upon which you will trade with us in future?