EU: Disintegration

Baroness Gardner of Parkes Excerpts

Thursday 26th January 2012 Lords Chamber

[Lord Howell of Guildford]

I hear the view of one very learned economist but, as he knows, I think probably better than many economists, there are many different views, and that is very healthy. All economists tend to disagree with each other on these matters. Indeed, when they agree, they are usually wrong. As an ex-economist—a renegade economist—I am afraid that I have to disagree entirely with the noble Lord. I believe that our policies are the right ones to move us out of the colossal difficulties we face not only over the eurozone but the gigantic debt mountain that we were left by the previous Government.

[Baroness Gardner of Parkes]

My Lords, on this Australia Day, will the Minister confirm that he is well aware that the ties with the Commonwealth are already very strong and that everyone believes they will continue to be so?

[Lord Howell of Guildford]

Yes, I can confirm that I am well, well, well aware of that. The Commonwealth is one of the great networks of the future and we are proud to be members of that network. Indeed, it provides a gateway to many of the great new markets that I was talking about a moment ago.