EU Membership Referendum: Impact on the UK
Debate between Andrew Rosindell and Mike Wood(3Â weeks, 5Â days ago)
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Mike Wood
If we chart it over the last two decades, particularly against German performance, on almost any economic chart we look at, it would be almost impossible to pick out the point at which the UK left the European Union. It is impossible to say from looking at those charts that our economy has grown more slowly than Germany’s, because it has not; it has grown more quickly. Our trade has not been disrupted more than Germany’s—[Interruption.] It really has not; they track almost identically across that chart.
Thirdly, where Britain is succeeding, we are doing so precisely because of our post-Brexit freedoms. The UK digital and tech flat white economy now represents about 15% of GDP—larger than the entire domestic goods sector. As the Growth Commission highlighted, our tech sector is flourishing and leading Europe in artificial intelligence, precisely because it is unburdened by Brussels’ heavy-handed Digital Markets Act, Digital Services Act and restrictive AI Act.
Instead of backing British enterprise, the Government are proposing to pursue unilateral dynamic alignment, shackling the 92% of British firms that do not trade with the EU to Brussels’s rulebook, surrendering our precision breeding advantages and hiking domestic carbon costs by linking our emissions trading scheme, which threaten to add up to £100 per tonne to fertiliser prices at a time when they are already crippling British farmers, while paying administrative fees to Brussels for the privilege.
That is an astonishingly one-sided bargain, a masterclass in the art of the bad deal. The lesson of the past 10 years is that national prosperity is built by businesses working across the UK, not subcontracted to the EU. The economic catastrophe prophesied in 2016 simply did not occur.
Andrew Rosindell
The hon. Gentleman is making a powerful and correct speech, offering the facts. Does he not regret that, in all those years of Conservative Government after we had left the EU, we did not seize the opportunities to be more radical, to ensure that the benefits of Brexit were properly realised? Does he also repudiate John Major’s Government for bringing in the Maastricht treaty, which created political union in the first place?
Mike Wood
It is one thing to look back over the past 10 years, but I hope the hon. Gentleman will excuse me if I plead that I was taking GCSEs in 1992 rather than paying attention to what John Major was doing. The next Conservative Government should certainly look at how to take better advantage of the freedoms available outside the European Union, because there are many opportunities. His Majesty’s Opposition will continue to champion our regulatory freedom, to back British innovation and resist any attempt to drag this country back into the EU’s regulatory orbit.
Oral Answers to Questions
Debate between Andrew Rosindell and Mike Wood(4Â years, 8Â months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mike Wood (Dudley South) (Con)
Andrew Rosindell (Romford) (Con)