Tim Roca

I am grateful to my hon. Friend the Member for Colne Valley (Paul Davies) for introducing this important debate, which proves the importance of the petition mechanism to the public for getting important issues debated in this place. Eight years ago, constituents in Macclesfield voted to remain part of the European Union. It was a referendum based on imperfect knowledge. It was called because of the internal politics of the Conservative party and in an attempt to see off the hon. Member for Clacton (Nigel Farage) and his insistent Europhobe right—a group of people who would never be satisfied, as we subsequently discovered. The context of calling that referendum was incredibly bizarre, as we had already been through the life-or-death experience of the Scottish referendum that put the UK’s constitutional future at stake. It was also called in the wake of the Russian annexation of Crimea, so it was a bizarre time to be holding a question on the fundamental membership of an important political and economic alliance. We know how that referendum developed: it was vitriolic, and undoubtedly influenced by the Russians. Just a few days before the vote, one of our colleagues was tragically murdered on the streets of the UK. We can now clearly see the consequences of our decision, as Members have been pointing out expertly this afternoon. Some 14,000 of 100,000 firms surveyed by the London School of Economics have quit trading with the European Union altogether. Many small businesses in my constituency talk about the barriers, the red tape and the bureaucracy that other Members have mentioned. The National Institute of Economic and Social Research points out that foreign direct investment has fallen 37%, and the OBR has said that the UK economy will be 4% smaller in 2035—that scary figure of the lost 4% is in all our minds—than it would have been had the UK stayed in the EU. That is a cumulative loss of hundreds of billions of pounds that we could be spending on our infrastructure, our public services and our collective defence. As we went into the election last year, the Government ruled out rejoining the EU and reopening those constitutional questions in this Parliament. It was a manifesto that I stood on and that I am committed to. I understand some of the reasoning behind that, because although the debate will go on about that political choice, we must remember how painful the situation was immediately after the referendum—the business uncertainty and anxiety, the jobs that had been secure that were suddenly insecure, and the investment decisions that were cancelled. A Damoclean sword of unpredictability hung over us, so I understand the trepidation about reopening those questions.