(11 years, 1 month ago)
Commons ChamberMy hon. Friend makes an important point. We need an independent report to prove why staying in Europe is vital.
Let me finish my comments on Nissan by giving some other statistics. Nissan has said that if the UK leaves the EU its export potential to Europe would be hit by 10% tariffs on exports of vehicles and 5% on components. That is a company worth consulting before embarking on a Bill, the contents of which will cause four years of uncertainty for the UK and the north-east economy.
Nissan might be 20 miles away from Stockton South, but the Hitachi Rail Europe factory is even closer. It started its construction phase this month in Newton Aycliffe in my constituency, which is adjacent to Stockton South. The president of Hitachi, Hiroaki Nakanishi, said on 10 October while speaking in Tokyo about the UK’s relationship with the EU,
“any exit…could lead to less investment”.
He also said:
“The UK should be a member of the European Union from the standpoint of our operations”,
and went on to say:
“For Japanese businesses, the UK and the Continent are very complementary”.
Rather worryingly for my constituents and, I should have thought, for those of the hon. Member for Stockton South, Mr Nakanishi also said Hitachi
“would have to reconsider how to manage our total railways business”.
Alistair Dormer, the chief executive officer of Hitachi Rail Europe, was reported in The Northern Echo on 5 November as saying:
“We regard Europe as potentially our biggest market and we should not want anything to happen that would damage the relationship and put up barriers, we should stay in”.
Hitachi’s investment will bring train building back to the north-east of England, initially creating 730 jobs with 3,000 more potentially in the supply chain. As I said, the construction phase of the factory started this month. The Secretaries of State for Transport and Business, Innovation and Skills were at the launch on 1 November.
Obviously, the hon. Gentleman wants Britain to stay in the European Union. That is perfectly okay and he can make those arguments in a referendum. Is he in favour of a referendum, and if so, when?
I do not agree with a referendum in four years’ time given that nobody knows what the question will be. That will create a lot of uncertainty which will threaten jobs not just in my constituency but everywhere else in the country. Those are the issues that I believe the hon. Gentleman should recognise.
The hon. Member for Stockton South turned up to the launch on 1 November. As The Northern Echo said the next day:
“Mr Wharton is the Conservative MP for Stockton South, whose private member’s Bill will see MPs vote this Friday on whether to hold a referendum on the UK’s membership with the EU.”
The report went on:
“It’s ironic that the Tory backbencher was happy to celebrate the investment Hitachi is making in the North-East, while championing a cause that jeopardises the region’s chances of securing similar job boosts in the future.”
I could not agree more.