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National Referendum on the European Union

I am grateful to my hon. Friend for that point, but this issue has come to the fore because it is about not only democracy and consent, but growth and jobs. If the coalition came into being for anything, it was for the deficit reduction programme. That is its raison d'être. It might not have escaped her notice that that programme is in trouble, because the economy is not growing. There are many reasons for that—the US, the crisis in the eurozone, and our country's indebtedness and excessive taxation—but one fundamental reason is that we are overburdened with European regulation. That is why a majority of businessmen in this country now say that the advantages of the single market are outweighed by the disadvantages.