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National Referendum on the European Union

I have listened with great attention to all of the speeches for the past five hours, with the occasional break to take in and then expel a little liquid. I can tell the House that the passion and the idealism, and even the personal courage, has all been on one side of the debate—the side of those who support the motion. I agree with much that those hon. Ladies and hon. Gentlemen on both sides of the House believe and want. I agree with them that Governments of all stripes have given too much power to the EU; that we need to renegotiate the terms of our membership, so that it focuses more on economic matters of trade and co-operation, and less on other issues that Europe was not set up to deal with; and that the British people should have the final say. However, I will not vote with them tonight for the following reason. Although they have the passion, the idealism and the personal courage, I am afraid that they lack good sense. There will be only one time in the foreseeable future when we can hold a referendum on our membership of the EU—it has been 40 years since the last one, and we are likely to get only one shot in the next 40—and we must use it well. We must hold that referendum when it is most likely to assist us in getting the deal from Europe that we want.