I do not see any contradiction between what I wrote back then and the position I am taking now. I have always been critical of certain actions of the ECB and I will continue to be so. That does not mean that we throw the baby out with the bathwater. Only someone who was enormously reckless would think that was a sensible way forward.
What is reckless is a Bill that is going to throw us off a cliff edge, entirely unnecessarily, because it fails to include any mention, let alone give any details, of any transitional arrangements. That means that once the clock starts ticking—once article 50 has been triggered—if negotiations take longer than those two years, we will suddenly be thrown into a world of WTO-only tariffs, and I can assure the hon. Gentleman that his constituents will not thank him for that. I do not believe that democracy is well served by such recklessness.
In the last few moments available to me, I want to say a few words about the environment, an issue that has been conspicuous by its absence during most of the
debate over the past few days. I am especially concerned about the need for guarantees—real guarantees—to maintain environmental regulation that is at least as strong as current EU regulation. An environmental protection Act—crucially, with its own court of arbitration —might be one way of delivering that, but we also need to ensure that there are clear ways of retaining our relationships with important European agreements such as REACH, on the registration, evaluation, authorisation and restriction of chemicals, and with the European Chemicals Agency.
We need UK environmental regulators and enforcement agencies, ready to step into the shoes of the EU institutions that currently perform such roles. Those institutions must be properly funded when the EU is no longer funding them. We need to ensure that the principles that underpin our environmental regulations, such as the precautionary principle, are not lost. At present we have no guarantees, and we deserve to have guarantees before article 50 is triggered. About this, as about so much else, there is no information.
Leaders of the leave campaign famously talk about taking back control. If that means anything, it surely means that control must be not just about our departure, but about our destination. Democracy requires that Parliament has ample opportunity to scrutinise the terms of the Brexit deal that will emerge from negotiations, but it also requires the country to have the right to continue to be given a say in the form of a referendum on the proposed deal. I cannot vote for a Bill that fails to provide those safeguards.
8.21 pm