Section 5 of the European Communities (Amendment) Act 1993

Edward Leigh Excerpts

Tuesday 26th March 2019 Commons Chamber

[Sir Edward Leigh (Gainsborough) (Con)]

I remember all the dire predictions of economic meltdown if the people voted to leave. What has happened to all those predictions? What does my right hon. Friend think would happen if we were to leave with no deal on Friday? Or perhaps I should ask the jobbing Prime Minister, my right hon. Friend the Member for West Dorset (Sir Oliver Letwin), because he appears to be in charge at the moment. Anyway, I am interested in the Minister’s opinion about all the dire predictions of gloom if we leave with no deal.

[Elizabeth Truss]

The UK economy is projected to grow under all circumstances. Our future is in the hands of individuals and businesses in this country. It is those people who determine whether we will be successful or whether we will fail. I have a huge amount of respect for the entrepreneurs in this country who are setting up new businesses, growing and investing. We have a very bright future ahead of us.

The reality is that the threat to British prosperity is not our precise relationship with the European Union, but the ideas of some in this Chamber who want to limit people’s opportunities, see public spending balloon and start increasing our national debt again by £1,000 billion. And what would happen then? Taxes would go up; people would be able to keep less of their own money; businesses would not have the funds they needed to invest in the future; and our economy would decline rather than grow. That is the real threat to British prosperity. Fundamentally, we have been successful and moved on from the post-crash era because we have backed the British people and British businesses to succeed. We have not gone out there and said that business is the enemy—something that should be fought against. We have said that business is a friend of success and aspiration, and we need to back it.

This year represents a big opportunity for Britain. First, 2019 is the year when we are leaving the European Union, but it is also the year of the spending review. As the Chancellor announced in the spring statement, we will be launching the spending review just before the summer and completing it in the autumn. That spending review will set the budgets for the next three years. For the first time since the financial crash we have choices, because there is now headroom in our budget. That headroom is thanks to the fact that there are more people in work than ever before, and they are contributing in taxes.

We now have choices we can make. First, we have the ability to cut taxes, which we will already be doing this April. People will see more money coming into their bank accounts from this April onwards thanks to the fact that this Government have decided to reduce taxes for those on the basic rate and for those on the higher rate. We are also able to invest in public services. Because we have taken these difficult decisions, we have allowed the economy to grow. We have an opportunity to modernise government to make it sleeker and better value for the people it serves.

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[Sir Edward Leigh (Gainsborough) (Con)]

I rise to support the Chief Secretary to the Treasury, who is rather a heroine and is leading a one-woman campaign to try to keep public spending down. It is all very well to call for more public spending—I use the NHS exclusively and value the work of those who care for me and my family—but only patients would suffer were we dramatically to increase health spending in line with Labour party policy. There would be a dramatic decline in productivity and no obvious increase in good healthcare.

The shadow Chief Secretary to the Treasury spoke for nearly 20 minutes, but it was interesting that there was little about the Labour party’s plans. Although this Parliament is staring at the detail of the various Brexit solutions, all the various outcomes pale into insignificance compared with the threat posed to this country by a Government led by the Leader of the Opposition. Conservative Members of Parliament need to point the finger again and again at what will happen if this Government go and the Labour party takes over under its present management. One cannot meet a Labour MP who does not say in private that they are scared stiff by a Government led by the Leader of the Opposition.

What would happen if the present Leader of the Opposition took over? I predict that there would a few months of dramatic spending increases and everybody would be happy. In the end, however, the country and the economy would be crashed. Let us remember that the present Leader of the Opposition execrated the Governments led by Tony Blair and Gordon Brown, saying that they were right-wing stooges of capitalism, and he is the man who now wants to lead us on what would be the road to ruin. He would open the gates and unleash mass immigration. In the end, we would not have a better health service, better education or better investment; we would have only economic chaos and mismanagement.

Conservative Members must look laser-like at the alternatives, but we also have to put our own house in order. My advice to my hon. Friends is, frankly, to get on with Brexit and to vote for the Prime Minister’s deal. The economic clouds would lift; the pound would shoot up; and investment would increase. The Government could then carry on to the next general election, when we could really put the spotlight where it needs to be: on the disaster that would befall this country if the shadow Chief Secretary gets anywhere near power.