Sarah Olney
Main Page: Sarah Olney (Liberal Democrat - Richmond Park)Department Debates - View all Sarah Olney's debates with the Cabinet Office
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Sarah Olney (Richmond Park) (LD)
It is a pleasure to serve under your chairmanship, Sir Jeremy. I congratulate the hon. Member for Welwyn Hatfield (Andrew Lewin) on his work in securing this debate. We have seen over the past few months the extent to which the current US Administration is no longer a reliable ally. We can see the extraordinary damage being caused by the implementation of Trump’s tariffs on trading relationships around the world. With the increasingly unpredictable and aggressive signals coming from across the Atlantic, this must be the moment to stand firmly with our European neighbours for our national security and economic stability, as well as to strengthen our trading relationships.
The UK-EU summit next month in London, hosted by the Prime Minister, will be an opportunity that must be seized for us to move on from the warm words of pragmatism that we have heard from the Government, but which are no longer good enough. We must move faster, and the Government must commit to serious action to rebuild our relationship with Europe.
While we know that the long-term wellbeing of the UK means being back in the heart of Europe, that requires strengthened trading agreements and a customs union. Closer ties with Europe are also key to our national security. We are glad that there are serious indications that the Government will commit to a defence agreement with Europe, but that must be just the beginning.
There are broader partnerships with our European neighbours, which the Liberal Democrats will continue to call for, that will be advantageous to British businesses. We know that a youth mobility deal would be good for our economy, especially our tourism and hospitality sectors, while providing young British people with the opportunity to work and study abroad. That is exactly the kind of pragmatic step that we hope the Government will take at the upcoming summit.
Having spent the last five years grappling with the bureaucracy of Brexit and with increased trading costs, many business owners across the country will now be deeply concerned by the additional challenges to businesses coming from Washington. The returning Trump Administration has fundamentally changed trading relations globally, which has created an obvious moment for us to take action to establish closer trading relationships with our European neighbours.
The EU is our closest neighbour and our largest trading partner, but the botched Brexit deal has been a complete disaster for this country, especially for small businesses, which are held back by reams of red tape and new barriers to trade, costing our economy billions in lost exports. I urge the Government to acknowledge the damage that the Conservatives’ Brexit regulation has done and continues to do to not just to individual businesses but to the economy as a whole, and to take the sensible step of negotiating a new UK-EU customs union to ease the pressure that so many businesses are under.