Economy and Jobs Debate

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Department: HM Treasury

Economy and Jobs

Tom Tugendhat Excerpts
Thursday 29th June 2017

(7 years, 3 months ago)

Commons Chamber
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Tom Tugendhat Portrait Tom Tugendhat (Tonbridge and Malling) (Con)
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May I extend personal thanks to you, Mr Speaker, for your kindness these last few days? I am particularly grateful that you have found time to accommodate me today.

May I pay huge tribute to the hon. Member for Gower (Tonia Antoniazzi), who has taken her place and made her maiden speech? Her passion will certainly do huge credit to her community, and I am sure that she will be a powerful voice in this House. Her predecessor, Byron Davies, was also a fantastic advocate for the beautiful area of Gower.

We took a huge strategic decision a year ago when we voted to leave the European Union. I know that not everybody in this place voted the same way—in fact, we know that the vote was extremely close. I argued that our sovereignty and influence would not be diminished by remaining, but the electorate chose a different way. I argued that the complexity of leaving would be great, but the people, in their wisdom, chose a different route. I also argued that the impact on our economy would likely be severe in the coming years, and I am delighted that the speedy actions of the Bank of England and the Chancellor have made sure that this year has gone significantly better than anybody hoped or predicted. The Government deserve credit for that.

In a bold move we have now, let us face it, jumped out of the aeroplane. I am not saying it is always a bad idea to jump out of aeroplanes—I can assure Members that there are sometimes some very good reasons to do so—but the essence of courage is not to take one bold decision but to reinforce it. When one has taken the first, one needs to make sure that the others follow. That is why I welcome this Queen’s Speech. I join my hon. Friend the Member for Poole (Mr Syms) in saying that the Government are looking not to legislate too much but to legislate importantly. That is essential, because if we clog this place up with legislation, we will not have time to do the most important thing, which is governing— and, of course, talking, because as we start the incredibly complex negotiations with the European Union, we need to make sure that we are ready.

That is why I argue strongly that, having taken this first step, we need to do three things. The first is to be bold. We must be bold in ensuring that we create alliances across the continent of Europe and across the world, not just with friends and with central Governments but with individuals—mayors, MPs and people representing communities that will be affected by Brexit, in many ways as much as we will. We need to hit at the micro level, because at the macro level we represent 8% of European trade, but at the micro level we represent a hell of a lot more in towns in Sweden, in villages in France and in communities in Spain and Italy. We need to make sure that the representatives of those places are on our side, because Brexit is not just about Britain; it is about Europe, so they must be part of the conversation too.

The second thing we must do is be open. Some people will rightly chide the elements of the campaigns that were negative, harsh and at some points, let us face it, bordering on racism. I am delighted to say that most people on the campaigns, including those I opposed, argued for an open, welcoming Britain—a Britain that welcomes people like the parents of the hon. Member for Gower, who came here and made a contribution to our community, and not just ice cream. The past seven years of Conservative Government have seen businesses succeed from that openness, with 1,000 jobs a day and an amazing improvement in the economy. However, that improvement is not without effort or challenge, which is why we must be honest when we mention things such as the seasonal agricultural workers scheme as a solution. Yes, it is a bit of a solution, but in reality we need such a scheme for the NHS, for tourism, and for any number of different engineering and educational places, to ensure that we do not pay for Brexit with a failing economy. I know that many people who voted to leave will agree that such openness is necessary.

The third point is that we must be honest with our people that the complexity and uncertainty we are facing today are likely to continue for a little longer. We must be honest that in reality we cannot guarantee that at the end of 18 months we will get a deal, or that our negotiating partners will agree to the terms for which we are asking. We must be honest about that, because if we are not we cannot expect those who create jobs and make wealth in our society, and those who invest, employ and grow companies, to take decisions. I ask very much for those three things.

If I may, I will also ask for one more thing, which is that we look at Brexit as a reality, not an ideology. Too often, I have felt myself back in a theology lecture hall hearing about the way to heaven, to Jannah, or to the Elysian fields, but Brexit is not paradise. Brexit is made for the people and it is an opportunity for which they voted; it is not the people who are made for Brexit.