I will not give way; I am drawing my remarks to a close. India spends $35 billion a year on defence. It is spending hundreds of millions of dollars a year on a space programme. It is even developing its own overseas aid programme, yet we are still giving £200 million to it in overseas aid. It is grotesque. I could go on and on about the waste of money that we see in DFID and the fact that it is unjustifiable to keep spending so much money. But I will take your guidance, Madam Deputy Speaker, and draw my remarks to a close.
I just want to remind Members that as Conservatives we should be judging ourselves not on how much we spend, but on how effectively we spend the money and, crucially, on whether or not we can afford to spend the money that we are handing over. We cannot afford to spend all of this money at this moment in time, but that may well change.
I reiterate the point that I made at the beginning—that anybody here today who votes for a closure motion and for this Bill to go into Committee is basically saying that this Bill is more important to them than an EU referendum Bill. They will have to answer to their constituents on that point. I will be able to look my constituents in the eye and say that I did what I thought was right. This Bill is unnecessary. What we need is an EU referendum Bill, which is why I will vote against any closure motion and against this Bill. My colleagues are in danger of falling into the trap set by the Liberal Democrats and the Labour party.