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Department: Foreign, Commonwealth & Development Office

Lord Pearson of Rannoch

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EU: United Kingdom

Lord Pearson of Rannoch Excerpts

European Union (Approvals) Bill [HL]
Monday 26th November 2012

(11 years, 5 months ago)

Lords Chamber
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Lord Liddle Portrait Lord Liddle
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My Lords—

Lord Strathclyde Portrait The Chancellor of the Duchy of Lancaster (Lord Strathclyde)
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My Lords, we have time. Perhaps we should hear the noble Lord, Lord Liddle, and then the noble Lord, Lord Pearson?

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Lord Pearson of Rannoch Portrait Lord Pearson of Rannoch
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My Lords, has the noble Baroness read yet another respectable analysis, this time from Professor Tim Congdon, which finds that our EU membership is costing us about 10% of GDP or £150 billion per annum? Is it not now obvious, even to Her Majesty’s Government, that our prosperous future lies outside the EU and free of control from the bloated octopus in Brussels?

Baroness Warsi Portrait Baroness Warsi
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The noble Lord makes an important point but I do not intend to trade academic reports from the Dispatch Box. However, if he has the time, I shall be happy to give him a briefing on the economic importance of our continued membership of the EU.

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