I come to this debate from two positions. First, I am a Scottish National party Member from Scotland, which voted to stay in the EU. We were told that this is a family of nations, and as such we would expect a member of that family to be respected—as, indeed, the EU respects its members. Secondly, I am the Chairman of the newly formed International Trade Committee, and it is to that that I shall direct most of my remarks.
The Prime Minister talks about Brexit meaning Brexit, but I have spoken to a number of economists about that. Indeed, I am indebted to a number of economists
of various shades and political persuasions: Angus Armstrong of the National Institute of Economic and Social Research; Patrick Minford; Professor Ian Mitchell; Professor Ian Wooten of Strathclyde; Dr James Scott of King’s; and Dr Jim Rollo of Sussex University, as well as legal experts from Cambridge, University College London and the London School of Economics. Brexit actually means about seven options. It means: do we stay in the European economic area? We can still see the video of Nigel Farage and Daniel Hannan saying before the referendum that leaving the EU meant we would be like Norway. The question was: should the UK remain a member of the EU or leave the EU? The seven options include the EEA, EFTA and the currency union. We could not get an answer today at PMQs or from the Secretary of State either.
Another option is to trade at WTO levels. That would mean that we need to have our schedules accepted at the WTO. I see that the Secretary of State for International Trade was in Geneva last week, probably discussing that. If we do not get the schedules agreed, we will be at WTO-minus. That is a possibility because of the difficulties over agriculture. Some 98% of the schedules might well be agreed, but those in the agricultural sector should be very scared. Of course, some people will have voted for Brexit on the basis that they do not want to trade so much as a stone axe ever again with Europe, but they are probably the editors of the Mail, The Sun and the Express.
We find ourselves in great uncertainty. Investors are uncertain. If we go to WTO rules, would will that mean for them? What will it mean for employers, too? We have absolutely no idea where the Government are going. There is great uncertainty for the Irish, too. This morning I met the Irish Foreign Minister, Charles Flanagan. He did not know what the ask from the UK Government is. This is our next-door neighbour, but they do not know where we want to go.