(4 years, 11 months ago)
Commons ChamberIt is pleasure to see you in the Chair once again, Mr Deputy Speaker. I, too, thank my constituents who voted to return me for the fourth time last week and welcome all new Members to this place. I also extend my heartfelt commiserations to colleagues who have not been returned. They will be sorely missed.
There is so much wrong with this Bill—even more than in October. My real concerns are about its impact on the economy. Although we do not have an economic assessment—an issue in itself that the Government need to look at carefully—we have enough analysis from economists to show that such a free trade agreement will have a dramatic impact, with a 7% loss in growth over 15 years, as has been mentioned. We already know—I am sure that people are aware of this—about the growing impact on poverty from a faltering economy and the growing inequalities that we are experiencing in this country. The impact that this type of deal will have on that, as well as on public services, which are already emaciated, cannot be overestimated. Nor must we forget the regional disparities. There is no doubt that there will be an impact on constituencies such as mine.
As bad as this free trade agreement is, however, no deal would be even more dramatic, as all the evidence also shows—so catastrophic, indeed, that one does not like considering it—with not a 7% impact on economic growth, but a 9% impact over 15 years, affecting not just us but our children and grandchildren. We need to recognise that because, under clause 33, I fear that that is unfortunately a real danger. I beg the Government to do all they can in the forthcoming weeks and months to prevent that from happening.
A lot of us who fought the general election will have views on what it meant. I will hold off taking any firm views until the new year, when I see the survey by the British Election Study, which publishes the most reliable evidence that we can get on elections. However, I cannot ignore what constituents were saying to me. They ignored or did not believe the evidence—or, even worse, did not care. There is a lot that we—politics and politicians—need to take on board regarding what that means about how we conduct ourselves. The emotional response to Brexit—and that is what it has been—is a lesson for all of us.
I reiterate that I categorically reject the Bill, but I want to work with the Government to make sure that we ameliorate its worst effects so that it will not harm my constituents. I implore the Government to listen and to do all they can to build a consensus.