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European Union (Amendment) Bill

I recommend that Conservative Members always listen to my hon. Friend the Member for Twickenham (Dr. Cable), who is able to provide economic master-classes for them all. They should heed his words. I listen to them and I am slowly improving as a result of hearing his wise words. I am asked whether the change has made a material difference. No, because the phrase I mentioned was not part of the status quo in any case and was not in the original documentation of the European Union. Do we welcome the fact that it was added to the constitution? Yes. Do we therefore regret that we have gone back again to the original status quo when we thought that the position put forward in the constitutional treaty was preferable? Our view is yes again. It does not make a material difference. In our view, we have taken a step forward and a step back to where we were. But does it send out a slightly unwelcome signal about protectionism, which we want to see less of, and about free trade and competition in the EU, which we support? Yes, our view is that it does.