(11 years, 10 months ago)
Commons ChamberI do not have much more to say, but I need to cover the earlier point and I know this debate is oversubscribed.
We are left with a Prime Minister whose renegotiating position is “If I can’t get what I want; I’ll stop playing and take my ball home”. If he does that, he will be isolated in his negotiations. While this is being played out, the economic uncertainty faced by millions of families up and down the country continues. About 3.5 million jobs rely on the EU, 6,500 of them in Sedgefield, 28,000 in County Durham and 141,000 in the north-east. Companies such as Nissan are big exporters to Europe.
I want to continue.
Hitachi Rail Europe is to build a train-building factory in Newton Aycliffe. It is called “Hitachi Rail Europe” for a reason: it wants to export trains and rolling stock to Europe. I would have thought that it wanted not uncertainty but clarity going forward.
No party is opposed to the principle of a referendum, but I do not believe we should undermine British investment and British jobs for years to come just to satisfy the needs of the Tory party. Offering a referendum in five years’ time when we do not know the question, do not know the result of negotiations and do not know whether those negotiations will be completed in that time is like a general telling his troops “We will launch a surprise attack in five years, but we do not know where and we do not know when.”
Uncertainty is the enemy of investment. I do not believe that this is right, at a time when the economy may fall into a third recession in two and a half years. The Government’s position will not lead to a Great Britain if we continue in this way; indeed, we are going down the road towards achieving nothing more than a little Britain.