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National Referendum on the European Union

The hon. Gentleman is absolutely right. I was the agent for the no vote in Bedfordshire in 1975, so I have a track record. Is our political class frightened that, if the British people voted to leave the European Union, we would no longer be a member of the common fisheries policy? Are they frightened that we might regain control of our fishing waters, stop the fishing free-for-all and see our fish stocks recover? Is it frightened that we would no longer have to subscribe to the common agricultural policy, and that we could instead choose to subsidise our farming, as and when, and where, we considered it appropriate and necessary? Is it frightened that we would no longer have to contribute to the European Union budget, at a cost of many billions a year, and rising? I cannot for the life of me see why such developments are so frightening. There is also the old chestnut about Britain's economic dependence on the EU, and the number of jobs that people say could be lost. We have heard a great deal about that tonight. The reality is that we have a massive trade deficit with the EU. In 2010, we bought £53.5 billion more from the rest of the EU than they bought from us. It is laughable that the EU could start a trade war with the UK, when it needs us so much more than we need it.