I will not give way as I have given way twice already.
The Treasury analysis was wrong in the first place. The Treasury did not predict containerisation or innovations such as the internet. We are about to have an automation revolution, with cars driving themselves, and a revolution in solar power, which will reduce our unit energy bills, and this country is well placed to become much more competitive than any Treasury forecast would predict, but we can all see that that kind of future is coming down the road. To make sure that we embrace that future, this country needs maximum freedom, maximum discretion and the maximum ability to diverge from the policies and laws of the European Union and to embrace the wider world.
In the future, 90% of global economic growth will not come from the European Union, but from the world outside the EU. Over the past 40 years, it is an historical fact that the EU’s share of global GDP has fallen from 30% to just 15%. That is relative decline. We do not need to see relative decline. The future for this nation is global.