Employment: Job Creation Debate
Full Debate: Read Full DebateLord Pearson of Rannoch
Main Page: Lord Pearson of Rannoch (Non-affiliated - Life peer)Department Debates - View all Lord Pearson of Rannoch's debates with the Department for Work and Pensions
(8 years, 11 months ago)
Lords ChamberMy Lords, is not the deeper point that the EU is in long-term economic decline? According to the IMF, the EU produced 30% of the world’s GDP in 1985, which will have fallen to 15% by 2020. So would not our employment prospects be much better if we got off the Titanic and traded freely with the markets of the future?
I am not sure that the noble Lord has caught up with what has been happening in the world in the last year or so, when the developing world has fallen apart.