Brexit: Single Market

Lord Lamont of Lerwick Excerpts

Wednesday 14th September 2016 Lords Chamber

[Lord Bridges of Headley]

My Lords, I thank the noble Lord for drawing that paper to my attention. I have actually seen it and it is extremely interesting. It sets out a number of questions and outlines some—just some—of the complexity that we face. I will not be drawn on his point, I am sorry to say. I know how frustrating it is for all noble Lords with regard to the position that we are in, but, as I said in the Statement last week, we are analysing the position, analysing the options open and determined to come up with the best deal and the best outcome for our country.

[Lord Lamont of Lerwick (Con)]

Will my noble friend acknowledge that there is a difference between access to the single market and membership of the single market? Will he recognise the fact that many countries have increased their exports to the single market more than we have and are not members of the single market? If EU law continues to be applied to companies in this country that are not even exporting to the EU, Brexit will not mean Brexit.

[Lord Bridges of Headley]

My noble friend makes a number of very good points. He is right to draw a distinction between access and membership. I would add that we are—and we must never forget this—negotiating from a position of considerable economic strength in this country, endorsed once again by the employment statistics that came out today. Therefore, as we enter these negotiations, that should buoy us.