(7 years, 2 months ago)
Commons ChamberNeither the United Kingdom, nor the European Union, publishes an aggregate audited figure representing the total net financial contribution since the UK joined the EEC, but details of annual UK public sector contributions to the EU are published in a document entitled “European Union Finances”, the latest edition of which was published in February in 2016.
A one-word answer with a figure would have been more helpful than the answer the Minister has given me. I suspect that the answer is that a massive amount of money is being handed over by British taxpayers to the European Union. As in any good divorce, that will entitle us to a huge share of the EU’s assets or to massive financial compensation if we do not get that.
My hon. Friend is right—it is rather a lot; but the issue is to what extent the United Kingdom is liable for payment of anything, and if so, how much. The point is this: the United Kingdom has always adhered to its international treaty obligations, and it will continue to do so. It will adhere to those obligations, but, similarly, it will insist on the rights it has pursuant to those treaties, and that is the basis on which it will approach these negotiations.
(7 years, 3 months ago)
Commons ChamberThe hon. Gentleman is entirely right. Manufacturing industries are frequently highly integrated across the European Union, and the Prime Minister has made it clear that she seeks customs arrangements that will cater for that. We must bear in mind, however, that when we have left the European Union, the United Kingdom will be the biggest export market for the continuing EU, and it is therefore in our mutual interest to have proper customs arrangements.
Can my right hon. Friend confirm to manufacturers in Kettering that their prospects for future exports are far brighter outside the European Union because while we are a member, we are forbidden from entering international trade agreements of our own?
(7 years, 5 months ago)
Commons ChamberWill my right hon. Friend point out to those who are moaning about the potential loss of EU funding that it is our money in the first place, and that for every £1 we get from the European Union, we have to pay £2 to achieve it?