(5 years, 2 months ago)
Lords ChamberThe noble Baroness speaks with great authority on this subject. Of course, there is no evidence for anybody to report, but if they have evidence, there is regulation on short selling, which is enforced. But I am not aware of anyone providing any evidence beyond scurrilous rumours.
Would the Minister, with his great interest in the history of currencies, care to comment on the long-term record? At a time when the euro is only three points behind the United States dollar as the international leading currency and is shortly due to overtake the dollar for the first time on a long-term basis, does he agree that it is rather sad that, in comparison, the pound sterling has been devalued nine times since the war—three times by government action and six times in the marketplace?
(5 years, 6 months ago)
Lords ChamberI agree with my noble friend. We have published a whole series of technical notices—over 100—about how businesses can prepare for no deal. Government preparations are continuing and, as I have said many times at this Dispatch Box, although no deal is not something that we want or desire, we recognise that it is a possible outcome.
My Lords, will the Government explain carefully why the views of millions of British citizens in other EU countries have less weight and value than those of 140,000 mostly rather elderly members of the Conservative Party who are trying to keep us in the Brexit mould?
The noble Lord is confusing two issues: the leadership election in the Conservative Party is a different event from the rights guaranteed for citizens. We are communicating, as I said, with UK citizens abroad—over 1 million of them—and we are endeavouring to ensure that other EU member states provide them with the same guarantees that we have provided to the 3 million EU citizens in the UK.
(5 years, 7 months ago)
Lords ChamberTo ask Her Majesty’s Government when they expect to report to Parliament on the outcome of discussions on Brexit with the Official Opposition.
My Lords, the Government and Opposition are continuing discussions to try to find a way forward on EU exit that could command a majority in Parliament and which would allow for the UK’s smooth and orderly exit from the EU. Meetings with the Opposition have been constructive, with many areas of consensus. The Government have committed to bringing forward the withdrawal agreement Bill in the week commencing 3 June.
Did the Minister notice the huge dismay that greeted Theresa May’s astounding proposal to prolong the Brexit agony—a dismay which was led by her own MPs? Rather than leading this miserable and unhappy country through further parliamentary nightmares, is it not high time that the Prime Minister had the wisdom to restore national morale by promising either the revocation of Article 50 or a people’s vote with the Electoral Commission in charge?
As I have responded to the noble Lord on this issue a number of times, let me repeat that we are not in favour of revoking Article 50 and we believe that any second referendum would be divisive without being decisive.
(5 years, 9 months ago)
Lords ChamberThe noble Lord is asking me to comment on what happens in the other place. My understanding—it is no more than that; I have not spoken to him—is that Alberto Costa resigned following the long-standing tradition that members of the Government and PPSs do not table amendments to government Motions. I also understand, however, that the Government are accepting the amendment put forward—such is the logic of government.
When we held the referendum, the Government pledged to respect the result, whatever the outcome. We repeated this commitment once the result was delivered, and this Government, as well as the Opposition, were elected on a manifesto maintaining this same commitment: to uphold the result of the 2016 referendum. Even though the Opposition seem to be U-turning on their manifesto commitment, we still stand by ours. Indeed, as the PM said yesterday, it is,
“the very credibility of our democracy”,—[Official Report, Commons, 26/2/19; col. 168.]
that we jeopardise if we break our explicit promises.
I am grateful to the Minister, who is struggling not only with a bad cough but with some very bad arguments; I sympathise greatly. At the beginning of his remarks he emphasised that the Prime Minister had been badgering people endlessly in Brussels, the Middle East and elsewhere, and had spoken to the Heads of Government, or whoever was appropriate, of the 27 other member states. How many of those member states agreed with the Prime Minister’s bizarre arguments, and how many thought them a load of rubbish?
The noble Lord will not be surprised to know that I have not seen read-outs from all those conversations, but I know from speaking to other Europe Ministers at various gatherings that there is considerable sympathy for many of our arguments.
It is imperative that the British people are able to trust in the Government to respect democratic processes and deliver effective outcomes for them. For that reason, it is our firm belief that even to consider holding a second people’s vote would set a damaging precedent for our democracy and the principles that underpin our constitutional order.
(5 years, 10 months ago)
Lords ChamberTo ask Her Majesty’s Government what assessment they have made of the different options Parliament has in relation to leaving the European Union.
My Lords, the Motion passed on 29 January in the other place seeking legally binding changes to the Northern Ireland protocol is the only way to deliver a sustainable majority. The Government will continue to pursue this to ensure that we leave with a deal on 29 March. If MPs do not vote for the deal, the default legal position is that the UK will leave without a deal at the end of March.
Surely the Government could also do something useful at the moment, such as sending Ministers to urgent anti-self-harm corrective therapy sessions. However, should they not also now promise the House to extend Article 50 and start preparing for a people’s vote as well in case things go wrong on 27 February?
I can tell the noble Lord that, instead of sending Ministers to self-help therapy sessions, we are sending them to Brussels.
(5 years, 11 months ago)
Lords ChamberTo ask Her Majesty’s Government what assessment they have made of public support for remaining in the European Union.
My Lords, in 2016, 17.4 million people voted to leave the European Union. This was the highest number of votes cast for anything in UK electoral history, and the biggest democratic mandate for a course of action ever directed at any UK Government. This Government believe it is our duty to implement this will of the electorate and deliver on the referendum result.
My Lords, the largest ever opinion poll—25,000 people participated over the holiday period—showed a remain lead range of between 16% and 26%, including former leave voters as well. The game is up. Surely Parliament must now move to save the people from the Government’s continuing folly.
I am sorry to disagree with the noble Lord. There have been a lot of opinion polls since the referendum result, so while researching this topic this morning, I looked to see whether any analysis of these has been done. Indeed, there has. Let me read what Professor John Curtice, who I think we would all agree is a respected polling analyst, said after analysing all the polls:
“In short, neither side in the Brexit debate has secured any ‘momentum’ so far as the balance of public opinion is concerned—and any claims to the contrary made by protagonists on either side of the debate should be regarded with considerable scepticism”.
(6 years ago)
Lords ChamberTo ask Her Majesty’s Government what representations they have received on a People’s Vote on Brexit.
My Lords, the Government have been clear that we will not hold a second referendum. A clear majority of the electorate voted to leave the European Union in the people’s vote held in 2016. We must respect both the will of the British people and the democratic process which delivered that result.
My Lords, a people’s vote would have no direct connection to the previous referendum—it is a separate matter entirely. Will the Minister undertake to make sure that the Government, led by either the present incumbent or whoever succeeds her over the next short period, concentrate on examining the incredible number of messages that are coming in to all government departments, including the Minister’s, from people who were leave voters saying that they are now minded to consider changing their minds, bearing in mind the changed circumstances?
The short answer to the noble Lord’s question is no. I do not know where he gets his figures from about the incredible number of messages, because I certainly have not seen any.
(6 years, 1 month ago)
Lords ChamberThe people who have a say are those who vote in the referendum or election that you have at the time. You cannot go back to elections and say, “What would the result have been if different numbers of people had taken part?” I reiterate the point my noble friend Lord Bates made: we have already had a people’s vote and people voted to leave. In my view, that is the settled will of the country, and we are implementing that outcome.
My Lords, despite the rumours, the Minister is a fair-minded man. Would he not therefore agree, in answer to the Question from the noble Lord, Lord Foulkes, that, bearing in mind that the Government psychologically lost the mandate to pursue the Brexit negotiations anyway in the 8 June 2017 election, now is the time to reflect the changes in public opinion and the younger voters coming on to the roll, and for the Government to allow Parliament to make that decision about a people’s vote?
I thank the noble Lord for his compliment but no, I do not agree with him. At the general election, both we and the Labour Party stood on manifestos saying that the result of the referendum should be respected. Indeed, the leader of the Opposition confirmed that last week. Over 80% of votes were cast in that general election for parties that said that they would respect the outcome of the referendum.
(6 years, 2 months ago)
Lords ChamberTo ask Her Majesty’s Government what assessment they have made of the outcome of their last meeting with the European Union Commission to discuss Brexit.
Following extensive negotiations, the UK and the EU are close to concluding a withdrawal agreement, which sets out the terms of the UK’s orderly exit from the European Union. Negotiations are progressing and we remain confident of a deal this autumn.
I thank the Minister for that optimistic Answer, but as these ghastly negotiations proceed it is highly likely that the EU will ask the Government to remain in both the customs union and the single market. Are the Government aware of this and preparing the ground for this event?
I am not sure whether I would describe the negotiations as ghastly. We think that they are constructive and we are looking to get a deal, but we have made it clear that we will not be remaining in the single market or the customs union.
(6 years, 3 months ago)
Lords ChamberThe former Chancellor speaks with great authority because of the excellent job he did in managing the country’s economy. We take his—and all—contributions extremely seriously.
My Lords, does the Minister not realise at long last that all the 27 member states think the Government are bonkers?
(6 years, 5 months ago)
Lords ChamberWe are hoping that the framework that we agree will be a detailed exposition, and the noble Lord will be able to scrutinise it alongside the withdrawal agreement.
My Lords, following the question from the noble Lord, Lord Foulkes, does the Minister not realise that, if there is no option in a parliamentary vote and a vote of the people to remain in the European Union after all that has happened and all the Government’s mistakes, there will be total uproar in this country?
I think there would be total uproar in this country if we did not implement the referendum vote. I am slightly confused about why this call for a second referendum is now being labelled a people’s vote, as if somehow the people did not get to vote in the first referendum.
(6 years, 5 months ago)
Lords ChamberTo ask Her Majesty’s Government whether they expect the current discussions with the European Commission to include (1) a solution for trade across the Irish border; and (2) a commitment to the United Kingdom’s membership of the Single Market and Customs Union.
My Lords, the Government have been clear that in leaving the EU we will also be leaving both the single market and the customs union. The proposal that we laid out on Friday will create a UK-EU free trade area, thereby avoiding friction in terms of trade, protecting jobs and livelihoods and meeting our commitments in Northern Ireland through the overall future relationship between the UK and EU.
Thanks for the non-Answer, but I am sure that the Minister is relieved not to be at the meeting in Room 10 at this very moment. As the total Tory pantomime has now become just too complicated, why not consider the other option of simply staying in the most effective and impressive international club of sovereign member states working together for peace and prosperity in Europe?
Of course, I am delighted to be here with your Lordships instead of in Room 10, but the noble Lord obviously forgot that we had a referendum on the subject and the people have voted to leave.
(6 years, 6 months ago)
Lords ChamberTo ask Her Majesty’s Government whether they expect to reach a full agreement with European Union negotiators on the United Kingdom’s withdrawal from the European Union before the European Council meeting in October.
My Lords, we have made significant progress on a withdrawal agreement, reaching agreement on more than three-quarters of the legal text and locking down the full chapters on citizens’ rights, the implementation period and the financial settlement. We are continuing to work hard and at pace to reach a final agreement by October.
I think the whole House appreciates that the Minister has been working hard to reassure Members of this House about these complicated matters. However, are the Government aware of the looming catastrophe they face, not least because the end-June meeting of the European Council is most unlikely to bail them out of their own mistakes? Is not, therefore, the moment of truth approaching—when the single market and the customs union will be the only practical options?
No, we have been very clear that we are leaving the single market and the customs union, and we remain optimistic, like the EU, that we should be able to reach an agreement by October.
(6 years, 8 months ago)
Lords ChamberMy Lords, the European Union published a draft withdrawal agreement text as part of our ongoing negotiations under Article 50. We have made significant progress towards concluding much of the withdrawal agreement by agreeing the chapters on financial settlement and citizens’ rights, in line with the joint report, as well as the terms of a time-limited implementation period. We will carry this momentum forward and aim to reach agreement on the entire withdrawal agreement by October.
I thank the Minister for that Answer. How long will the Government need to renegotiate the existing trade agreements with non-members who have trade agreements with the European Union as a whole? Will the 21 months of the transition period be enough?
We are pursuing many of these multilateral agreements in a whole range of areas, including trade agreements, and we are confident that we have enough time to complete those negotiations.
(6 years, 9 months ago)
Lords ChamberIf the noble Lord will forgive me, I will use the words as I have said them. These issues are matters for negotiation, so we will use the word “may” instead of “will”. Obviously, we cannot impose our will on our negotiating partners. The UK will explore the options with the EU as part of the negotiations on the future relationship.
Perhaps I may use this opportunity to respond to the question put by the noble Lord, Lord Adonis, on agencies. I think that I indicated to him during the debate that the list issued by the Prime Minister was not necessarily an exclusive one and that we are considering carefully a range of options. Where there is a demonstrable national interest in pursuing a continued relationship with an agency or other EU body, the Government will carefully consider whether we should pursue it, at which point of course it will be a matter for the negotiations. We will continue to update noble Lords on our negotiations, subject to the usual caveat of not undermining our negotiating position.
Amendment 227BC seeks to make it an objective of the Government to achieve a particular outcome in the negotiations on our future relationship with the EIB. It is important that the Government should maintain negotiating flexibility in this and all other areas in order to achieve the best deal for the UK. However, as I said, we have not discounted maintaining some form of ongoing relationship, if that supports an overall deal. I hope that that will be sufficient for the noble Lord not to press his amendment.
Amendments 183 and 187 would require the Chancellor of the Exchequer to publish a strategy for retaining access to the EIB and the EIF. As Parliament has agreed, we will not publish anything that would undermine our ability to negotiate the best deal for the United Kingdom. Any information on potential economic considerations and negotiating strategy is important to the negotiating capital of all parties. Publishing a statement from the Chancellor setting out the strategy for retaining access to the EIB and its subsidiary, the EIF, will ultimately harm our negotiating position. However, as I said in response to Amendment 227BC, I can assure the Committee that we have not discounted maintaining some form of ongoing relationship with the EIB group if that proves to be part of the best overall deal for the UK.
The noble Baroness, Lady Kramer, asked about the British Business Bank.
Can the Minister explain, distinctly and clearly, to the Committee the distinction between demonstrable national interests and the national interest adjudicated by Jacob Rees-Mogg, Bill Cash and others?
We are having a serious debate about the EIB. The noble Lord is demeaning the subject before the House.
The British Business Bank has already raised the limit on the amount that it can invest in venture capital funds from 33% to 50%. It has also brought forward the £400 million of additional investment that was announced in the Autumn Statement. As a result, we expect it to have doubled its investment in venture capital this financial year. We have also broadened the range of the UK guarantee scheme by offering construction guarantees for the first time. I hope that that addresses the noble Baroness’s question.
(6 years, 9 months ago)
Lords ChamberI am slightly confused about what the Labour Party’s position is this week. Last week, they were against the customs union; this week, they seem in favour of it. Perhaps next week they will be in favour of a single market, then against it again the following week. I can say only that I agree with Barry Gardiner, their international trade spokesman, who said in another place that,
“in voting to leave the EU the British people voted to leave both the single market and the customs union”.—[Official Report, Commons, 5/9/16; col. 47-48WH.]
He then went on to write an article in the Guardian—a well-known journal of record—saying that retaining membership of a customs union would be “deeply unattractive” because it would stop us negotiating our own trade deals. He is supposed to be their trade spokesman.
My Lords, bearing in mind that more and more people now think that staying in the customs union is a very good idea—led by that subversive body, the CBI—what on earth will the Government say on Friday to reassure an increasingly desperate public?
I am sure that we all await with interest what the Prime Minister has to say in her speech on Friday, but the point about joining a customs union is a serious one. We are the fifth-largest economy in the world and the normal state of affairs in the rest of world is that large countries negotiate their own trading arrangements. It baffles me why people want to contract that out to the European Commission. We collect tariffs that we would then send to the European Commission; we would be totally in its control. Surely, if anything, the EU referendum means that we need to take back control in this country and do not want to contract out our trade policy to another organisation.
(7 years ago)
Lords ChamberTo ask Her Majesty’s Government what response they have received from the European Union negotiating team to their proposals on the Irish border problem.
My Lords, there is much agreement between the UK and the EU on the proposals for how to address the unique circumstances of Northern Ireland and Ireland in the light of the UK’s withdrawal from the European Union. We remain firmly committed to avoiding any physical infrastructure on the land border between Northern Ireland and Ireland. We welcome the Commission’s commitment to this in its guiding principles paper.
My Lords, see how grateful the DUP is for the £1 billion of taxpayers’ money to keep Mrs May in power without any real mandate. Will the Minister please tell Mrs May what is now obvious: Brexit is becoming a total disaster and the PM must now save our country’s future and the precious Anglo-Irish agreement?
I congratulate the noble Lord on having the foresight to get a Question on this on the Order Paper for today. He will be unsurprised to know that I do not agree with him. There was a referendum on the subject. We feel we have to respect the results of that referendum.
(7 years, 1 month ago)
Lords ChamberTo ask Her Majesty’s Government whether they have had any discussions with the European Commission about its proposals for the future of the European Union.
My Lords, until exit negotiations are concluded, the UK remains a full member of the European Union, and all the rights and obligations of EU membership remain in force. During this period, the Government will also continue to negotiate, implement and apply EU legislation. We have been engaged in discussions about the future of Europe, including through our input into the Commission work programme 2018, through conversations at COREPER and at the recent General Affairs Council in October.
I thank the Minister for that helpful Answer. Bearing in mind that paragraphs 9 and 10 of the Prime Minister’s Florence speech were a massive paean of praise for the Commission and the European Union sovereign member states’ future plans for modernisation and development, why do we not join in that excitement and work with them on a long-term basis, not least because Brexit is getting more and more problematical?