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National Referendum on the European Union

I do not agree with my hon. Friend that that is what is happening day by day, or week by week. In foreign affairs, for example, we are absolutely clear, and all our embassies and posts throughout the world are clear, that we will not permit any competence creep following on from the Lisbon treaty. My first reason is the same as the first one given earlier by the Prime Minister. The deficits of recent years, and the slowness of growth in all western economies, make this a difficult and uncertain time for many individuals and firms. The eurozone is clearly in crisis, and to pile on that uncertainty the further uncertainty of a referendum on leaving the European Union, when half the foreign direct investment into Britain comes from the rest of the European Union, and half our exports go out to the rest of the European Union, would not be a responsible action for Her Majesty's Government to take. It would not help anyone looking for a job. It would not help any business trying to expand. It would mean that for a time, we, the leading advocates of removing barriers to trade in Europe and the rest of the world, would lack the authority to do so. It would mean that as we advocate closer trading links between the EU and the countries of north Africa as they emerge from their revolutions, helping to solidify tremendous potential advance in human freedom and prosperity, we would stand back from that. That is not the right way to respond to this dramatic year of uncertainty and change.