Brexit: Single Market

Lord Pearson of Rannoch Excerpts

Monday 24th October 2016 Lords Chamber

[Lord Bridges of Headley]

My noble friend is absolutely correct. He makes a very good point that precision on language in the weeks and months ahead is key. We need to differentiate between membership of, access to and special access to the single market. It is critical that that point is made.

[Lord Pearson of Rannoch (UKIP)]

My Lords—

[Lord Davies of Oldham (Lab)]

My Lords, is it not quite clear that when the Brexit Secretary indicated that it was not necessary for the UK to remain a member of the single market, he caused profound uncertainty in business, finance and trade? Is it not clear therefore that unless the Government begin to establish clear principles on which they are acting on Brexit, we will go through a period of enormous uncertainty to the cost of the nation?

[Lord Bridges of Headley]

The noble Lord makes a very fair point about the challenges and uncertainty that we face. I and my ministerial colleagues have been having a series of meetings around the country. I was in Nottingham and Derby last week meeting representatives of several large businesses. I agree that we face challenges, but we have set out as far as possible the measures that we can take as a Government to bring certainty to the process—for example, our approach to the repeal of the European Communities Act and the timings to which we intend to adhere as regards triggering Article 50. As regards our aims and overall approach, the noble Lord will know that the Government have set out that we wish to take control over our borders, our moneys and our law, at the same time ensuring that we have the best possible access to the single market. However, I have to say to noble Lords that, as the Prime Minister and I have said many times, we cannot offer a running commentary on this as we go along.

[Lord Pearson of Rannoch]

My Lords—

[Baroness Kramer (LD)]

My Lords—

--- Later in debate ---

[The Lord Privy Seal (Baroness Evans of Bowes Park) (Con)]

My Lords, after a number of unsuccessful attempts, it is the turn of the noble Lord, Lord Pearson.

[Lord Pearson of Rannoch]

My Lords, I am most grateful. Do the Government agree that the single market has prevented us doing our own free trade deals and has overregulated the 90% of our economy which does not trade with it? Therefore, is not continuing free trade all that we need and are we not likely to get it because the EU needs it so much more than we do—for instance, with 2 million more jobs making and selling things to us than we have selling things to it, and any new tariffs falling much more heavily on it than they would on us, as we saw from the Civitas report today?

[Lord Bridges of Headley]

The noble Lord comes to this with a certain track record and position. I will not comment in detail on what he said. I have read the Civitas paper by Mr Justin Potts. I cite from the document for noble Lords who have not read it. It says that the findings of its analysis,

“highlight the importance of a trade deal for both the UK and for EU countries”.

In other words, a trade deal, not falling back on WTO rules, which I think may be where the noble Lord is coming from.