Brexit: Single Market

Lord Foulkes of Cumnock Excerpts

Monday 24th October 2016 Lords Chamber

[Lord Bridges of Headley]

I entirely agree with the noble Baroness about maintaining trust in politics. She is absolutely right about quoting page 72 of the Conservative Party manifesto, which I have in front of me. However, I draw her attention to the next paragraph, which says:

“We will hold that in-out referendum before the end of 2017 and respect the outcome”.

It is important that we respect the outcome of the referendum. Regarding the deal that we are seeking, we obviously wish to get the best possible arrangement for British companies to trade in goods and services across Europe while taking control of immigration. I am not going to speculate on what that looks like at this stage—I am sorry, but that is a refrain noble Lords will hear a lot—but the UK is in a unique position and we will be seeking a bespoke agreement with the EU.

[Lord Foulkes of Cumnock (Lab)]

My Lords, would the Minister care to speculate on how long it will take for the Government to realise that Brexit has been a colossal mistake, with banks threatening to leave the United Kingdom, the pound plummeting and, as we have heard, with EU citizens unsure of their future as well as our uncertainty over the single market? Is it not about time the Government recognised that Parliament ought to be given an opportunity to sort out this mess?

[Lord Bridges of Headley]

My Lords, 17.4 million people would slightly disagree with the noble Lord.