Should we favour the US or the EU?

Should we favour the US or the EU?

Plus, a ceasefire deal is agreed between Israel, Lebanon and Hezbollah.

Joining Iain Dale on Cross Question this evening are Conservative MP and shadow work and pensions secretary Helen Whately, Liberal Democrat MP and chair of the health select committee Layla Moran, comedian and broadcaster Dom Joly and the Telegraph's Camilla Turner.