Lord Liddle
Main Page: Lord Liddle (Labour - Life peer)
Lord Popat
My Lords, the CBI, the IoD and the Federation of Small Businesses represent a large number of businesses in the UK, and they are all in favour of being in the EU. In fact, 55 business leaders wrote to the Times to show their support for the Prime Minister’s position, saying:
“As business leaders we are passionate about Britain’s prosperity. We agree with the Prime Minister that Britain’s best chance of success is as part of a reformed Europe. We need a new relationship with the EU, backed by democratic mandate”.
Lord Liddle (Lab)
My Lords, on this side of the House we are very ready to welcome and listen to the views of British business. In its recent report the CBI said:
“No alternative option to full EU membership can combine all the benefits of EU membership with none of the costs”.
Do the Government agree with that position—that there is no conceivable alternative to our EU membership? If so, do they accept that the process of renegotiation is pointless, because it will always be in Britain’s national interest to stay in the EU?
Lord Popat
It is important and in our national interest to stay in the EU. We are for the EU. The EU brings a lot of prosperity to the UK, including approximately 3.5 million jobs and around 11% of the workforce. In 2011, 47% of our exports were to the EU. Without any doubt, we are for EU membership. However, we need a reformed European Union. We need to compete in the global race. In order to compete in the global race, it is important that we reform the European Union; hence, the mandate for the European Union Bill.