European Union (Referendum) Bill

Eleanor Laing Excerpts
Friday 17th October 2014

(9 years, 6 months ago)

Commons Chamber
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None Portrait Several hon. Members
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rose

Eleanor Laing Portrait Madam Deputy Speaker (Mrs Eleanor Laing)
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Order. Before I call the next Member, I would like to remind the House that brevity is the soul of wit.

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Anne Main Portrait Mrs Main
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On a point of order, Madam Deputy Speaker. I do not want to infer anything from what the hon. Gentleman has just said, but would he like to explain why my hon. Friend the Member for Elmet and Rothwell (Alec Shelbrooke) has trouble getting up occasionally? I think that was an unfortunate and ill-judged remark.

Eleanor Laing Portrait Madam Deputy Speaker (Mrs Eleanor Laing)
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The hon. Lady will appreciate that that is not a point of order. We will not take time in this debate discussing the hon. Gentleman’s athleticism or otherwise.

Thomas Docherty Portrait Thomas Docherty
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I am moving towards my conclusion and am conscious that others want to speak.

Let me be absolutely clear: the idea that the Prime Minister can unilaterally secure significant renegotiation is unrealistic, to say the least. The only way we are going to have significant renegotiation is through an intergovernmental conference, which will require Chancellor Merkel, the French President and others to agree to the process. What will happen if we get to the end of 2017 and the Prime Minister of the day has failed to secure those renegotiations? Will we have a referendum or not?

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Seema Malhotra Portrait Seema Malhotra
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I thank my hon. Friend for giving way again; he is being very generous. This afternoon I shall be speaking at the Rastriya Pravasi Bharatiya Divas conference with the Indian diaspora, which looks at how Britain and India support a mutual strategic relationship. A big part of that is investment in both nations. Does my hon. Friend agree that all the uncertainty will also affect the perception of Britain as a place to invest in, when what—

Eleanor Laing Portrait Madam Deputy Speaker (Mrs Eleanor Laing)
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Order. The hon. Lady’s intervention should be short, especially as she has already made one. I am sure that the hon. Member for Ilford South (Mike Gapes) will not be repetitive in his answer.

Mike Gapes Portrait Mike Gapes
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I shall not be repetitive at all, Madam Deputy Speaker. I agree with my hon. Friend.

Many companies in Korea, China, the United States and elsewhere around the world wish to invest in Europe. They will be looking closely at whether to invest in this country when there is uncertainty over our staying in the single market. This is a vital issue, and it is time the Conservatives understood that their proposal poses a threat to inward investment, jobs and prosperity. Millions of people in this country work for foreign companies that have come here to invest and to gain access to the European single market. This country is outward looking and global; it has a stable society and the rule of law. It is also involved in the largest single market in the world, on a continent of 500 million people. Half our trade is with the European Union. The Bill represents a threat to that and to the jobs and prosperity of our people. That is a flaw in the Bill.

I have talked about the proposed date, and I will say more about that another time.