Sarah Olney

I am so glad that the hon. Gentleman raised that point, because what he will need to accept in time is that the way forward for cheaper electricity bills in this country is to invest in renewable energy. That, more than anything else, is what will reduce the cost of energy for consumers and businesses. The more renewable energy we have, including from wind farms off the east coast, the quicker we can get to reduced bills for our constituents. The Liberal Democrats welcome many parts of the new agreement. It marks a distinct and positive step towards reversing the damage caused by the Conservatives’ pitiful negotiations with Europe, and I welcome the progress on those issues. I am sure that the hon. Member for Mid Buckinghamshire (Greg Smith) will welcome the fact that the Liberal Democrats would echo his call for a return of the European Scrutiny Committee; I agree with his comments on that. According to a recent study from the London School of Economics, the Brexit deal reduced goods exports by £27 billion, or 6.4%, in 2022. Smaller firms were the most affected. The Government say that the new deal will add £9 billion to the UK economy, and we welcome the decisive step to address the disastrous damage that Brexit brought to our economy. However, ahead of the last general election the Labour party drew itself some self-defeating red lines. The timidity in negotiations with Europe seems to be driven more by a fear of the Reform party than a commitment to bring forward proposals that would benefit the British people. Joining a new customs union with the EU is one such line. However, they are acting less like lines and more like chains weighing down on UK growth and prosperity.