---

Section 5 of the European Communities (Amendment) Act 1993

Indeed. All across the globe, developed countries are realising that a strategy focused singularly on austerity alone will not be the solution. We must have a greater focus on growth and job creation as a way of generating revenues. I have spoken for too long. Labour Members believe that this motion is flawed because the Government's assessment of the economy is poor. Others will have their own reasons for voting against it. I want to hear the Minister's justification for the motion and to find out why it would be cataclysmic if it did not go through. The consequences of that are a key point. As I see it, the Government misunderstand the economy, they are misreading the growth prospects of the UK and they are misconstruing what is happening in the employment markets and business investment. I therefore urge the House to reject this mistaken assessment of the prospects for our economy.