(7 years ago)
Commons ChamberIt is patently ridiculous to make that sort of comparison. This is not about comparisons, but legal precedent. I would also argue that the United Kingdom has significantly more political and diplomatic clout than such a state, so the logic of the right hon. Gentleman’s argument does not follow.
The hon. Gentleman is making a very strong case—I was basically going to say the same thing—but if we are to draw a comparison with Liechtenstein, surely it is this: if such a tiny country could achieve what it did, we must have a realistic chance of doing the same.
The hon. Gentleman has hit the nail on the head, and I have nothing to add; he is absolutely right.
Liechtenstein is not the only legal precedent. Article 112 safeguard measures were also invoked in 1992 by no fewer than four of the then seven EFTA members—Austria, Iceland, Switzerland and Liechtenstein—which all cited the need to protect real estate, capital and labour markets. To recap: the four freedoms operate in an instrumental, as opposed to a fundamental, manner within the EEA, meaning that EEA membership offers a unique opportunity to combine market access, frictionless trade and reformed free movement of labour.