Iran: Nuclear Deal

Lord Austin of Dudley Excerpts

Wednesday 15th July 2015 Commons Chamber

[Mr Hammond]

My hon. Friend is right. Clearly, the key thing we need to do is to get our embassy reopened. I have spoken to the Chancellor over the past few days, as we approached the conclusion of this deal, to ensure that the Treasury is engaged in the opportunities that will arise—some quite substantial and early. I think that Iran will want to use some of its unfrozen assets to address some large infrastructure deficits, including in the oil and gas production industry, where the UK is well placed to play a role. The visa regime will be another important part of normalising our relationship with Iran.

[Ian Austin (Dudley North) (Lab)]

The Foreign Secretary has kept his promise not to do a bad deal, but only because he has done an absolutely terrible one. That is why people are celebrating in Tehran, but are utterly dismayed in Tel Aviv. The truth is, as President Obama has said, that this will allow Iran to reduce the time needed to acquire nuclear weapons almost to zero when restrictions expire in 10 to 15 years. This will trigger a middle eastern arms race. In response to an earlier question, the right hon. Gentleman referred to the potential release of $150 billion, which is utterly naive, given that while sanctions existed and its economy was in trouble, Iran still used its money to send thousands of rockets to Hezbollah in Lebanon and Hamas in Gaza.

[Mr Hammond]

The question we have to ask is what kind of a deal would have been welcomed in Tel Aviv. The answer, of course, is that Israel does not want any deal with Iran. It wants a permanent state of stand-off, which I do not believe is in the interests of the region or in our interest. The hon. Gentleman says that this agreement reduces the time needed to produce a nuclear weapon. It does not: it increases the time needed to do so. He talks about the restrictions expiring, but Iran has undertaken restrictions that are perpetual in nature in the non-proliferation treaty. Of course, any country in the world can break its internationally binding legal obligations, but the world has a set of measures to deal with that, including UN sanctions. If in 15 or 20 years’ time, we are sitting here talking about how to deal with an Iranian dash for a bomb, it will mean we have failed to exploit the opportunities that the deal offers. I think we should be optimistic. We should go into this trying to ensure that we draw Iran back into the international community, reinforce the hand of the moderates within Iran and make a positive outcome for the region and the world.