European Union (Referendum) Bill

Debate between Phil Wilson and Kevin Brennan

Friday 22nd November 2013 Commons Chamber

[Kevin Brennan]

My hon. Friend referred to amendment 70. Is not one of the problems with that amendment the fact that the Secretary of State would be responsible for producing the report? Given that when my hon. Friend remarked on the dangers of investors withdrawing from Britain, Conservative Members shouted “Rubbish”, could we trust a Conservative Secretary of State to produce an independent report? Would it not be better for the report to be produced by an independent body?

[Phil Wilson]

My 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.