Monica Harding
Main Page: Monica Harding (Liberal Democrat - Esher and Walton)Department Debates - View all Monica Harding's debates with the Cabinet Office
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Monica Harding (Esher and Walton) (LD)
It is a pleasure to serve under your chairmanship, Sir Jeremy. I thank the hon. Member for Welwyn Hatfield (Andrew Lewin) for securing this debate.
The UK’s relationship with the European Union goes beyond trade barriers. It prompts the fundamental question: in an increasingly dangerous and volatile world, do we wish to be adrift and isolated, or will we stand united with our closest neighbours? Despite Brexit, the EU remains our largest trading partner. A market of 450 million consumers lies on our doorstep and the Government are still failing to leverage that proximity. Despite their search for growth—apparently their one overriding mission—the botched Brexit deal has inflicted deep and lasting damage to our economy. Our trade volume is 15% lower and long-term productivity is 4% lower—and for what?
We are still waiting for the US trade deal, which is unlikely to be what we need it to be, under the “America first” presidency. Our current arrangements with the European Union are fragmented and bureaucratic, and that actively undermines our growth and prosperity. The consequences of Brexit are stark, and my constituents in Esher and Walton have been badly affected. Higher prices strain budgets. My local businesses, which once traded seamlessly, now face mountains of paperwork and costly delays. Meanwhile, the promised benefits of Brexit remain unseen.
The ramifications of this broken relationship have become even more apparent following recent developments across the Atlantic. The steel tariffs on British exports have dispelled the fantasy that the US-UK trade deal would compensate for the Brexit damage. As we face a stagnating economy, the Government cannot seriously claim to be exploring all the ways to boost growth, given that they are staying within the previous Conservative Government’s red lines on Europe.
The Liberal Democrats are the only party offering a credible solution: forming a customs union with the European Union and revitalising our trade. That would provide certainty and optimism. It is workable and achievable, and would send a message to rogue actors and special relationships that we are united and determined in the face of aggression, even trade aggression.
If the Government are really serious about growth, they must show the leadership that our country needs. Follow the trade, follow the money and undo the botched Brexit deal that bust our country.