National Referendum on the European Union

Andrea Leadsom Excerpts

Monday 24th October 2011 Commons Chamber

[Mr Burley]

I think that our generation will be given that choice.

I must consider the impact that passing this motion would have on my constituents. That is the key point. Business men have told me that there are signs that give cause for optimism, but that the recovery is fragile.

[Andrea Leadsom (South Northamptonshire) (Con)]

Will my hon. Friend give way?

[Mr Burley]

No, I will not.

Those business men’s fear, and mine, is that the announcement of a referendum, involving the campaign extending to 2013 for which the motion calls, could have a devastating effect on business confidence and investment. This morning I spoke to a business man from my constituency who had come here to be given a tour of the House of Commons. He works for an international company in the private sector which has invested heavily in the United Kingdom and employs several hundred people in my constituency, and he has already been told by the members of his executive board in America that the potential further instability caused by a referendum could cause them to question future investment not just in Cannock Chase, but in the United Kingdom and the whole of Europe.

[Andrea Leadsom]

Will my hon. Friend give way?

[Mr Burley]

I will not.

At a time when business is crying out for stability, a referendum would move it in totally the opposite direction, creating yet more instability when what we need is foreign investment. While that business man would not oppose a referendum in principle, now is simply not the time for one.

I think that the referendum that we all want is coming, and will be a result of the policies that have already been backed by the Government and by the EU itself. However, I think that to hold that referendum now, regardless of the result, would create a significant risk for our economy and for Cannock Chase in particular. I say to every Member who supports the motion, “Ask yourself one question: are you willing to jeopardise the recovery?” [Interruption.]

British people are worried—[Interruption.] Mr Speaker, British people are worried about bread-and-butter issues. They are worried about jobs and about their livelihoods. I do not want to do anything that puts my constituents’ livelihoods at risk. The time will come for people to vote on whether we stay in the EU, but, in my opinion, that time is not today. This is a debate for another day. Voting for the motion would be an indulgence, and I hope Members will vote accordingly. [Interruption.]