My Lords, Monsieur Barnier recently warned Britain not to tear up EU laws—well, he would, wouldn’t he? This should come as no surprise. For all its trumpeted advantages, the EU is performing worse than Britain. Whatever way you look at it, Britain is doing better. As Britain escapes the cloying and destructive stranglehold of EU regulations and red tape, we will leave the EU trailing even further behind. It is no wonder that Monsieur Barnier is nervous.
Many claim that Britain has suffered economically from leaving the European Union. That is nonsense, driven by those who wish for us to rejoin the European Union. Last year, Britain’s GDP grew faster than those of Germany, France and Italy. Our economy has grown by 5.7% since 2016—the same as that of Germany, the financial powerhouse of the EU. Yet, in 2022, real wages fell further in Germany than they did in the UK. While food prices are up by 19.9% in Britain, they have risen by 21.1% in the eurozone and 24.1% across the whole of Europe.
However badly the British economy might be faring in these challenging times, the European Union is doing worse. That is in relation not only to economics; our Covid vaccine development, procurement and rollout is a good example of what can be achieved free from EU restrictions. It was such a success that the EU tried to keep it for itself and to block shipments to Britain. By March 2021, Britain had vaccinated 40% of its population, while the EU had vaccinated only 12% to 14%. Just think how much more the rest of our life sciences sector and other industries can achieve when they are fully freed from the EU’s shackles.
We must support the Bill; it will help to remove the remaining EU bureaucracy from our statute book that continues to impede our economy and society. Some noble Lords may complain, as indeed they have today, that too much discretion is being given to Ministers, but we should remember that the retained EU laws only exist because edict after edict was imposed on the UK without this country being able to alter so much as a comma. Noble Lords have far more scrutiny now, and under the Bill, than they ever did when the legislation was created.