It is a pleasure to follow the hon. Member for North East Somerset (Mr Rees-Mogg), his mellifluous tones and his unbridled optimism for the future of the country, which some of us do not share in quite the same rose-tinted way.
Leaving the European Union tears up a 50-year-old strategy that sought to replace our imperial past with closer economic and political co-operation with the European Union democracies. One thing is now certain: unravelling 45 years of economic integration and political co-operation with our nearest neighbours is not going to be easy and it is certainly not going to be cost-free.
The new Administration has made a very worrying and dangerous start: the meaningless chant of “Brexit means Brexit; the imperial-style announcements from on high at Tory party conference; and the spectacle of the right hon. Member for Haltemprice and Howden (Mr Davis) sneering that parliamentary sovereignty is “micromanagement” now that he has graduated from the Back Bench to his ministerial limousine. This arrogance ill-suits an Administration with no mandate for pursuing a hard Brexit by diktat, with no mandate to take us out
of the single market landing us with tariffs on our most important export market, and an economic shock that leaked Treasury documents yesterday put as high as 10% of GDP.
There are many ways to leave the EU. The result of the referendum does not give the Government carte blanche to choose the most damaging one. Surely we have not “taken back control” only to surrender it to the Prime Minister and her increasingly absurd three Brexiteers, while Parliament becomes a spectator? Surely it is only right that we start a national conversation about the best way forward for our country in these new circumstances? Surely we need a cross-party agreement on the best way forward, because the results of the Government’s decisions on how we leave will affect our prospects for generations to come. Who can argue against that, with the pound now trading at a 168-year low?
Worse still, the xenophobic noises coming out of Birmingham last week and the failure to reassure EU citizens who are living and working in the UK, or indeed UK citizens living and working in the EU, is causing needless anxiety and fear. The rise in racist and homophobic hate crimes in the aftermath of the vote is shaming our nation and besmirching our international reputation.
I offer some principles on the way forward, which are clear and pressing. I will mention here only a few. Workers should not pay the price of Brexit. The poorest and most vulnerable should not pay the price of Brexit. We welcome the Chancellor’s guarantees on existing EU funds, but we need more details of what is actually being protected. There is some £200 million of vital investment at risk in Merseyside alone. We should avoid a race to the bottom by guaranteeing that our worker and corporate regulations do not deliberately undercut EU standards, and maintaining goodwill and links with what will still be our largest market. We need to think ambitiously about what would constitute a modern industrial base that would allow us to compete in a changing world.