Business of the House
Baroness Vere of Norbiton Excerpts(5 years, 1 month ago)
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Lord Lilley
I am sorry but I will not give way.
Let me get to the point. There are three advantages if we leave without a deal. No doubt it would be best to have a free trade agreement—
Baroness Vere of Norbiton (Con)
My Lords, I have to agree with the noble Baroness, Lady Hayter. It is the convention that we address the words in the amendment and I am not entirely convinced that the noble Lord is doing that at the moment.
Lord Lilley
Let me therefore do so. The amendment,
“notes that more than one day is required for this House to have sufficient time to scrutinise the European Union (Withdrawal) (No. 5) Bill”.
I submit that several days are required and that it is worth taking those days, even if it means leaving on WTO terms—because they are quite acceptable. First, we would keep £39 billion. That was the opinion of this House. I trust the committee which concluded that and I would be quite happy to submit to international arbitration, because I certainly would not want to not meet any legal obligations that we have. So £39 billion is a positive.
Secondly, we would end uncertainty.