European Union (Withdrawal) (No. 5) Bill

Debate between Baroness Ludford and Lord Flight

2nd reading (Hansard): House of Lords
Thursday 4th April 2019 Lords Chamber

[Lord Flight (Con)]

My Lords, is it not a question of weighing the short-term inconveniences against the long-term picture? The whole point about the long term, given the appalling economic record of the EU, is that our economy is likely to grow much less while we are part of the EU or closely related to it than if it is free.

[Baroness Ludford]

That is not the consensus of reputable economists, who all say that we will do worse outside the EU. Some of those who say that we will be fine under no deal are not the vulnerable people who will suffer in a crash-out situation. They do not have millions stashed away.

Clause 2 would enable exit day to be changed by the Government subject only to the negative procedure. We agree with the Delegated Powers and Regulatory Reform Committee that it would be better if the clause was removed from the Bill. We dealt expeditiously with the change from 29 March to 12 April in the statutory instrument, and there is no reason to think that we would not be able to do so again if required. It is a domestic law issue; if we get an extension, it is not a question of whether we are in the EU but a question of necessary housekeeping, and it can be done.

I do not want to go on about a people’s vote, but the noble Lord, Lord Howard, referred to the will of the people. It is time to update our knowledge of the will of the people. Three years on, it is not reasonable or reliable to rely on what a different electorate said in 2016. We hope and expect that the Prime Minister will seek an extension, but she should use that extension to get an update of the verdict of the people.