European Council
Debate between Lord Jackson of Peterborough and Martin Horwood(12 years, 7 months ago)
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Martin Horwood
I hesitate to challenge an expert in her own field, but we might find that the kind of interests that we are able to defend in economic policy, and financial policy specifically, within the European Union would not be so easily defended if we were outside the EU. It is one thing for Norway or Lichtenstein to be allowed access to European markets and to gain the benefits of the European economic area, because they do not pose much of a threat to Germany, France or the other EU economies. It would be different if an economy the size of Britain’s was taking advantage of such a situation or trying to mould the rules to our own advantage. It is critically important to the City of London that we retain our membership of the EU.
Mr Stewart Jackson
The hon. Gentleman makes a number of assumptions about the likely ramifications of our leaving the European Union. Was that the basis on which he offered the voters of Cheltenham at the last general election a Liberal Democrat policy prospectus that included an in/out referendum? Yet, in the face of massive and irrevocable constitutional change today, he has resiled from that undertaking to his own electors.
Martin Horwood
I have resiled from no undertaking whatever. There is a great habit of selective quotation of the Liberal Democrat manifesto. The whole sentence said that we would offer an in/out referendum at a time of a fundamental shift in the relationship between Britain and Europe. That is why we supported a referendum at the time of the Lisbon treaty—I am not sure which way the hon. Gentleman voted on that, but I do not remember many Conservative Members coming into the Lobby beside us. Incidentally, we also supported a referendum at the time of Maastricht, and did not succeed then, either. If there is another fundamental shift in Britain’s relationship with Europe, I fully expect us to support a referendum at that point.