(10 years, 12 months ago)
Commons ChamberI am pleased that the hon. Gentleman made that intervention, because it is clear to everyone, both inside and outside this place, that the Liberals are very good at promising referendums when it comes to a general election, but do not deliver the goods when the time comes. I am afraid that they talk the talk, but do not walk the walk.
Briefly, let me address the central point of the date of the referendum; I am conscious that other Members wish to speak. Pulling the date forward from 2017 would not make for a fair referendum. There would be less time to marshal the facts and to have a true consideration of them. The Prime Minister could rightly say that he has not had time fully to repatriate any powers. If the referendum was held next year, the political establishment would close ranks and push the case for an “in” vote—to remain in the EU—in addition to which we do not have a full explanation of the merits and otherwise of our membership. We need time to nail the lie that leaving the EU would cost 3 million jobs. We need time to allow small businesses, which tend to be more sceptical of EU regulations than big businesses, to find their voice. We need time for the eurozone crisis to play out. We do not know what sort of Europe or European structures we are dealing with in the EU.
(12 years, 2 months ago)
Commons ChamberI take your point, Mr Evans. My hon. Friend was clearly not listening, because I was talking about currency blocs, and to the best of my knowledge we were not a member of a currency bloc in 1967. However—I throw this back at him—I do not for one moment believe that he is arguing that our exit from the exchange rate mechanism in 1992 did this country any harm at all. In fact, our economic recovery kicked in, almost to the day, because we left what was in effect a currency bloc.
In summary, I fully endorse the comments made by my hon. Friend the Member for Hertsmere. We should delay the introduction of the ESM. There are too many questions that need answering. I would very much welcome some clarity on the points that I have raised, particularly about the design flaws in the ESM. I would also ask the Minister for Europe to address the fundamental point: why the Government continue to believe that by joining in the political mantra that we need to save the euro, we are doing our eurozone partners any favours. I would point out to him that all the economic evidence suggests that by sticking to that mantra, and indeed by implementing the policy, we are prolonging the agony and delaying the inevitable.
I profoundly disagree with the previous contribution. I am no fan of the Government, but it is simply sensible for the Bill to be agreed and the amendment to be defeated, because it is sensible for us to introduce the European stability mechanism as quickly as is practicable. That is in Europe’s interests, but more importantly it is in the United Kingdom’s best interests. I say that for one simple but important reason: about 40% of the United Kingdom’s trade is with our eurozone partners, so it is in our best interests for stability and eventually prosperity to be achieved and maintained inside the eurozone.