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European Communities (Finance) Bill

The hon. Lady should read a history of the 1970s, when we had a Government who thought that backing winners was a good idea, and every one turned out to be a flop or a loser. Maybe we are returning to that in the Government's latest approach to choosing investment projects and dealing with European Union funding. One begins to worry. The Chief Secretary's next argument was that this had not all been in vain. Although perhaps in his more honest moments he accepts that we are talking about a very big bill—at least £7.5 billion and maybe £70 billion—he said, ““Ah, but there will definitely be agricultural reform.”” That has already been revealed as a curious opinion given the attitude of the French, who will be in the chair of the European Union when the so-called review occurs. The language of the European Union has already downgraded the review, and the French have made it clear that they do not wish major reforms of the common agricultural policy to occur under their chairmanship. We come back to the question of how to negotiate. I always thought that when negotiating, if one is minded to make a concession in order to gain a concession from the other side, one makes sure not to make one's concession until the other side makes theirs. That is what good negotiating is about. It is quite extraordinary to make a massive concession for 2007, and then say that in five or six years' time, somebody might discuss making a concession the other way. Why on earth should they give us anything when we have negotiated in such a stupid way?