Danny Kruger

I am just going to keep going. I do not think we are actually having a debate; we are just exchanging our speeches, so I will not give way. I sympathise with the points we have heard, such as those made about zoos, Spanish delis or Freddy and his band. It is clearly very frustrating how the EU has treated its close friend, the UK, after Brexit, and that has had very unfortunate consequences for those businesses. We need to look at this issue from a much bigger perspective, and here the facts are much more contested about the overall benefits and costs of Brexit. When we talk about these always cited statistics on the decline in GDP since 2026, we are comparing an unknowable counterfactual with what has actually happened in the real European Union and the UK. Here, as the Member for Harwich and North Essex (Sir Bernard Jenkin) said, the UK has done better than our European competitors. Let us just be straightforward about this: the whole of Europe, including the United Kingdom, has suffered economically over the last decade. Different sectors have prospered and suffered in different ways. Although we have not suffered in services exports, we have suffered in goods exports, and I recognise that. However, those goods losses overlap with stupid political choices made by our sovereign United Kingdom, particularly in respect of energy policy. Where we have also suffered and struggled is where our regulations have remained aligned with the EU. The fact is that European regulations have caused Europe to decline, and where we have also declined, it is because we have remained aligned with them. Mario Draghi, the former Italian Prime Minister and chairman of the European Central Bank, wrote a brilliant report that conclusively demonstrated how much it is the EU itself that holds back European growth, and why it is so regrettable that Britain has remained aligned in so many sectors. Let me quickly state what actually works for prosperity and what drives economic growth. Last year’s Nobel prize winners won for their brilliant work demonstrating why there has been sustained growth in the world for the last 200 years. It is not because of market share or market access, as valuable as that is; it is because of innovation and technology. It is because of a regulatory system, largely derived from the United Kingdom, that enables businesses to prosper. The key aspects of that system are light-touch regulation and legal certainty, which are features of common law and the United Kingdom’s economy. Legal systems matter, and the civil law system that the EU operates and applied to the UK is different, as it involves heavy regulation and legal uncertainty. Where we have remained constrained by EU law, such as in electric or self-driving cars, we do just as badly as the EU. However, where we have diverged—where we have used our Brexit freedoms—that is where we are prospering. Of course, AI technology is the key evidence of that.