29/06/2016

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:00:00. > :00:00.Scotland is also keeping an eye on the situation and I am happy to

:00:00. > :00:00.arrange a meeting between him and the honourable gentleman to talk

:00:00. > :00:19.about what more can be done. I would like to make a statement on

:00:20. > :00:27.yesterday's European Council. This is the first bid since we decided to

:00:28. > :00:37.leave the European Union. We wanted to ensure how we could have a strong

:00:38. > :00:42.union. Let me touch on the other items in the agenda. The council

:00:43. > :00:46.noted the very significant reductions in the legal crossings

:00:47. > :00:52.from Turkey to Greece, as a result of the agreements from Turkey to

:00:53. > :00:59.March. There is a determination to combat people smuggling from Libya.

:01:00. > :01:05.Britain continues to play a leading role with HMS enterprise and I can

:01:06. > :01:13.tell the house today that the house they will also be deployed to stop

:01:14. > :01:18.the weapons going to terrorists. There was a presentation ahead of

:01:19. > :01:26.the Warsaw Summit and they stress the importance of having to work

:01:27. > :01:32.together with EU. EU residents will be able to travel with digital

:01:33. > :01:35.content they purchased or subscribe to at home. The president of the

:01:36. > :01:41.European Central Bank gave a presentation on the outcome of a

:01:42. > :01:47.referendum. Private sector forecasts discussed included estimates of the

:01:48. > :01:52.growth of the Eurozone between 0.3% at .5% of the next few years. One of

:01:53. > :01:59.the reasons is the predicted slowdown of the British economy. We

:02:00. > :02:03.were assured that they had been working with the banks for many

:02:04. > :02:06.months to prepare for uncertainty. Our research oceans will continue to

:02:07. > :02:14.monitor markets and act as necessary. -- institutions. The tone

:02:15. > :02:22.of the meeting was one of sadness and regret but there was a decision

:02:23. > :02:24.that the British people should be respected and we had positive

:02:25. > :02:32.discussions about the relationship we wanted to see between our

:02:33. > :02:36.parliaments. We talked a bit about the timing of triggering article 15.

:02:37. > :02:40.While Britain is leaving the European Union, we are not turning

:02:41. > :02:43.our backs on Europe and they are not turning their backs on us. Many of

:02:44. > :02:53.my counterparts talked warmly about the history between our union. The

:02:54. > :03:00.result about how the Royal Navy helped secure countries long ago.

:03:01. > :03:04.Many of the countries of eastern and central Europe express the debts

:03:05. > :03:08.they feel to Britain for standing by them when they were suffering under

:03:09. > :03:12.communism, and for supporting them as they joined the European Union.

:03:13. > :03:17.Another president at the movingly about the desert he and I will be

:03:18. > :03:22.making later this week to the battle of the Somme -- the visit. The

:03:23. > :03:26.defence of the democracy and values that we share. The council was clear

:03:27. > :03:31.that as we take forward this agenda Britain leaving the EU, which are

:03:32. > :03:35.rightly wants to have the closest possible relationship we can in the

:03:36. > :03:42.future. This should include the strongest possible relationship

:03:43. > :03:45.between trains and cooperation, something that becomes more

:03:46. > :03:51.important in light of these terrible terrorist attack last night. As we

:03:52. > :03:54.and women the will of the British people, we also have the

:03:55. > :03:59.responsibility to bring the country together. We will not tolerate hate

:04:00. > :04:03.crime of anyone in our country because of their ethnic origin. I

:04:04. > :04:07.reassured European leaders who are concerned about what was happening

:04:08. > :04:10.in Britain. We are a proud multiethnic society and we will stay

:04:11. > :04:16.that way. Turning to the next apps on leaving the EU, there was a lot

:04:17. > :04:24.of reassurance that until we leave, we are a full member, entitled to

:04:25. > :04:27.all the benefits from being a member. I explained that in Britain

:04:28. > :04:30.there was great concern about the movement of people and the

:04:31. > :04:34.challenges of controlling immigration, as well as concerns

:04:35. > :04:38.about the issue of sovereignty. I explained how these had come

:04:39. > :04:41.together. In turn, many of our European partners were clear that it

:04:42. > :04:46.is impossible to have all the benefits of membership about some of

:04:47. > :04:49.the costs. That is something that the next Prime Minister and the

:04:50. > :04:55.Cabinet will have to work through very carefully. On the timing of

:04:56. > :04:58.article 50, there wasn't a great clamour for Britain to trigger this

:04:59. > :05:01.straightaway. They were one or two voices calling for this, but the

:05:02. > :05:05.overwhelming view of my fellow leaders was that we needed to take

:05:06. > :05:09.some time to get this right. Everybody wants to see a clear

:05:10. > :05:12.blueprint in terms of what Britain thinks is right for the future of

:05:13. > :05:19.the EU. As I explained in my statement on Monday, we are starting

:05:20. > :05:26.this which will continue with a new secretary. Four. This will be

:05:27. > :05:31.examined in a neutral way, setting out the costs and benefits. We will

:05:32. > :05:42.examine exactly the right approach to take. The decisions that follow

:05:43. > :05:49.from this are for the next Prime Minister. I don't think it is a

:05:50. > :05:59.secret because Bill that I have at times found discussions in Brussels

:06:00. > :06:10.frustrating. But we have had real growth. We have had sanctioned to

:06:11. > :06:14.stop Iran getting a nuclear weapons, we have galvanised other countries

:06:15. > :06:22.to take a lead on issues in Sierra Leone. We have shown how much we

:06:23. > :06:25.have in common with other leaders in EU. It is a poignant reminder that

:06:26. > :06:31.where we will be leaving the European Union, we were must

:06:32. > :06:37.continue to work together for the generations to come. I commend this

:06:38. > :06:41.statement to the house. I would like to thank the Prime Minister for an

:06:42. > :06:48.advance copy of the statement. As he took part in what I assume will be

:06:49. > :06:53.the last ever UK Summit, I was pleased that you check a more

:06:54. > :06:58.consolatory tone than Nigel Farage did in the European Parliament

:06:59. > :07:04.yesterday. As we negotiate our exit, the British people are relying on

:07:05. > :07:08.the Government leading as positive a transition as possible. If we are to

:07:09. > :07:12.achieve this, we must proceed in a constructive manner. I look forward

:07:13. > :07:20.to joining the Prime Minister in the commemoration of the Somme on

:07:21. > :07:26.Friday. He was right to secure support to tackle the bullock prices

:07:27. > :07:36.in Sierra Leone, and the other issues you mentioned -- Ebola.

:07:37. > :07:41.European leaders would have to offer the UK more control over

:07:42. > :07:45.immigration. The threat of losing access to the single market means we

:07:46. > :07:49.are already seeing a negative effect on businesses in this country. On

:07:50. > :07:54.Monday, the prime ministers that access to the single market without

:07:55. > :07:59.accepting free movement was impossible. Does the prime Minster

:08:00. > :08:01.now believe that Britain can negotiate an unprecedented deal? Can

:08:02. > :08:07.he also spell out a little more clearly than his statement what

:08:08. > :08:12.further discussions were held in this area? This is an issue in which

:08:13. > :08:15.there needs to be an open debate that absolutely failed to

:08:16. > :08:19.materialise during much of the referendum campaign. The Prime

:08:20. > :08:23.Minister stated in the house on Monday that article 50 will not be

:08:24. > :08:27.triggered until a successor is in place. I heard what he just said

:08:28. > :08:32.about the views of other leaders at the summit. When does he expect

:08:33. > :08:37.article 52 actually be triggered so we will know what the negotiating

:08:38. > :08:41.timetable is? As I raise in my response to the Prime Minister on

:08:42. > :08:46.Monday, we in the house have a duty to act in the national interest,

:08:47. > :08:49.ensure we get the best agreement for all our constituents. Does the

:08:50. > :08:54.permanence of the other without these structures in place in the

:08:55. > :08:58.house to debate the alternatives, there is a risk of leaving Britain

:08:59. > :09:06.in a state of the relatives in a time when people need clear answers

:09:07. > :09:13.to their concerns? -- state of paralysis. We have seen today the

:09:14. > :09:20.First Minister of Scotland creating her own separately go shooting group

:09:21. > :09:28.and starting talks with the EU. It appears the Minister of Gibraltar is

:09:29. > :09:36.doing the same also. -- negotiating group. What has the Prime Minister

:09:37. > :09:42.done in this area, legal advice and overseas territory? I welcome his

:09:43. > :09:48.commitments to the HMS enterprise in operation Sevilla. Last week's vote

:09:49. > :09:53.to leave the EU means this country is in an unstable position. The next

:09:54. > :09:57.steps we take must be taken with care as they are very important. We

:09:58. > :10:03.have a duty to be shaped and rebuild an economy for the future, one that

:10:04. > :10:08.protects social and economic rights and build policies on trade and

:10:09. > :10:13.investment, delivers a country in which prosperity we create is shared

:10:14. > :10:16.by all. Therefore, I urge the Prime Minister and whoever his successor

:10:17. > :10:22.may be that what our economy needs now is a clear plan for investment.

:10:23. > :10:27.Not further austerity and cuts to public services. That was put

:10:28. > :10:35.forward by the Chancellor again yesterday.

:10:36. > :10:42.At Birch home to look at the suspension and even termination of

:10:43. > :10:48.his counter-productive fiscal rules. -- I urge the Prime Minister. I

:10:49. > :10:53.thank him for his condemnation of racist attacks and I join him in

:10:54. > :11:00.that. We all need to calm our language and tone and condemn the

:11:01. > :11:05.rise of racism. Will he also reiterate absolutely his assurance

:11:06. > :11:10.to EU nationals working here, providing support in the health

:11:11. > :11:15.services and other sectors they are welcome and remain welcome for their

:11:16. > :11:20.work and contribution. Our country is divided. We must heal that the

:11:21. > :11:26.vision. Our economy is fragile so we must rebuild it. I duty is to move

:11:27. > :11:31.forward in a calm and conciliatory manner to build a new relationship

:11:32. > :11:36.with Europe and build a Britain that works for everyone in every part of

:11:37. > :11:42.this country. But we thank the right honourable

:11:43. > :11:46.gentlemen for his response. I -- let me thank. Constructive is the

:11:47. > :11:51.correct word. I was pleased the discussions of last night did not

:11:52. > :11:56.get off to a tour of EU countries demanding this set of actions and

:11:57. > :12:00.Britain arguing for or another. There was a material and calm

:12:01. > :12:06.understanding that we need each other and this negotiation must

:12:07. > :12:13.proceed well. -- immature and calm. It got off on the right foods and I

:12:14. > :12:18.will do everything I can, -- it was mature. I will do everything we can

:12:19. > :12:23.to make sure we keep those strong relationships with our partners. On

:12:24. > :12:28.the issue of immigration versus single market. He is right, this is

:12:29. > :12:33.the biggest and most difficult issue to deal with. Whether you are in the

:12:34. > :12:39.EU, as we have been, or out of the EU trying to secure the best

:12:40. > :12:43.possible access to the single market, my answer was to bring in

:12:44. > :12:48.the welfare restrictions I negotiated, which were incredibly

:12:49. > :12:52.tough to negotiate. I am sad they have fallen away because of the

:12:53. > :12:56.referendum decision. The next Government will have to work hard at

:12:57. > :13:01.this and I believe access to the single market and the strength of

:13:02. > :13:06.our economy is the most single most important issue to deal with. On

:13:07. > :13:10.article 50, it is a matter for the next Prime Minister and there is a

:13:11. > :13:14.good reason for that which is why before you go into the title of the

:13:15. > :13:19.negotiations and that to your time limit you want to have made the best

:13:20. > :13:24.possible preparations for what you want to achieve at the end. It will

:13:25. > :13:28.help both Britain and the other EU countries to understand what it is

:13:29. > :13:34.we're aiming for. They said not without notification but I do not

:13:35. > :13:38.believe that excludes discussions the new Prime Minister can have a

:13:39. > :13:42.partners so we continue to get off on the right foot so that is the

:13:43. > :13:47.strong advice I would give to them. In terms of the devolved

:13:48. > :13:51.institutions, I had discussions with the First Minister of Scotland and

:13:52. > :13:55.Wales and Deputy First Minister in Northern Ireland and will continue

:13:56. > :14:01.to do so. I want their voices to be heard. In terms of legal advice,

:14:02. > :14:08.what I have seen is this is a UK decision made by the UK Government

:14:09. > :14:14.and UK Parliament. It has to be done in that way. And what he said an

:14:15. > :14:17.racism, I agree. To EU nationals here we should thank them for their

:14:18. > :14:24.contributions and guarantee the right while we remain within the EU.

:14:25. > :14:27.I am sure all contenders in the Conservative leadership campaign

:14:28. > :14:31.will want to make clear they want to safeguard the rights of people who

:14:32. > :14:35.work and study here from the EU for the future but that will be a matter

:14:36. > :14:42.for them. Finally, what he says was suspending the fiscal rule. It feels

:14:43. > :14:45.a bit like a broken record. Whatever the question the answer always seem

:14:46. > :14:53.to be more spending, more borrowing and more debt. You don't get

:14:54. > :14:57.investment on less you have economic stability and you don't have

:14:58. > :15:02.economic stability unless you have a plan for dealing with your debt and

:15:03. > :15:05.deficit. This has been proved the world over, including some of his

:15:06. > :15:13.favourite countries like Venezuela and I would argue not to run down

:15:14. > :15:16.that route. My right honourable friend refer to

:15:17. > :15:20.trade and cooperation with the EU and we have always argued that from

:15:21. > :15:26.the leave side. With my right honourable friend have further

:15:27. > :15:31.advice because he is talking about a very precise blueprints and also

:15:32. > :15:39.talking about alternative models. Will he give us the shootings that

:15:40. > :15:46.any such models will be exclusively breast -- any such models will be

:15:47. > :15:54.based on the idea we are leaving the EU? That is the case. The

:15:55. > :15:58.reassurance I give them is not that there are only four or five

:15:59. > :16:05.blueprints and we must follow one of them. We can try and amend

:16:06. > :16:11.blueprints and have low weight loss, for example. That Norway. There are

:16:12. > :16:16.some quite fundamental questions about whether you want full access

:16:17. > :16:19.to the single market and the price you might have to pay for that

:16:20. > :16:24.whether you are satisfied to have less than full access and therefore

:16:25. > :16:29.have other compensating advantages. We must go through all of that and

:16:30. > :16:36.the more we can patch facts and figures the more people can make an

:16:37. > :16:40.informed choice. -- we can attach. Since the Prime Minister has

:16:41. > :16:44.returned from Brussels, for the first time in 40 years member states

:16:45. > :16:51.are still there and discussing the future of Europe. Well the Prime

:16:52. > :16:54.Minister is not in Brussels Scotland 's First Minister Nicola Sturgeon is

:16:55. > :16:58.and she has gone there to protect Scotland's interests in Europe and

:16:59. > :17:03.preserve our place in Europe. She met with the president of the

:17:04. > :17:07.European Commission and president of the European Parliament and also

:17:08. > :17:11.meeting with one of the key European negotiators on Brexit, the former

:17:12. > :17:18.Prime Minister of Belgium. The First Minister has also spoken to

:17:19. > :17:23.diplomats from other EU member states. She is doing this with a

:17:24. > :17:25.mandate from the Scottish Parliament, including the Labour

:17:26. > :17:31.Party, Liberal Democrat and Scottish Green Party. An expert group has

:17:32. > :17:36.been established to advise on protecting our place in Europe

:17:37. > :17:38.including eminent diplomats, economists and constitutional

:17:39. > :17:43.experts. This includes the former British branch in the EU Court of

:17:44. > :17:48.Justice, former British ambassador to Nato, former economic adviser to

:17:49. > :17:50.the EU Commission and former permanent undersecretary at the

:17:51. > :17:57.Foreign Commonwealth Office and head of the UK diplomatic service.

:17:58. > :18:02.All of us need to work to explore ways to protect Scotland's

:18:03. > :18:05.relationship with the EU. Our place in the single market and the social

:18:06. > :18:12.employment and economic benefits that come from that. May I ask the

:18:13. > :18:16.Prime Minister whether the Prime Minister raised this at the Council

:18:17. > :18:20.of ministers? Did he even raise Scotland at the Council of

:18:21. > :18:27.ministers? Did he say Scotland wants to stay in the EU? Did he say that

:18:28. > :18:35.Gibraltar wants to stay within the EU? BBC London wants to protect its

:18:36. > :18:40.important position in Europe. -- did he say London? When will we get some

:18:41. > :18:45.leadership from the UK Government will he stand by and watch England

:18:46. > :18:50.leave the EU and England declare independence from the rest of the

:18:51. > :18:55.United Kingdom? There is a meeting of the 27 other

:18:56. > :19:00.members of the EU this morning and that was always good to happen if we

:19:01. > :19:04.were going to make the decision to leave because as we must prepare our

:19:05. > :19:10.negotiating position they will want to do the same. The good thing about

:19:11. > :19:14.the conversation last night is it got off on a very fair and

:19:15. > :19:17.constructive basis. What I would say to the right honourable gentlemen is

:19:18. > :19:22.I am glad the First Minister of Scotland is having these meetings as

:19:23. > :19:26.it is always useful to meet and talk with our European counterparts but

:19:27. > :19:29.the best way we can secure the best possible access for Scotland into

:19:30. > :19:35.the single market is for the UK to negotiate as hard as it can as one.

:19:36. > :19:41.The answer specific questions about how I talk about Scotland the other

:19:42. > :19:46.night, I did. I thought, this Parliament. The way we manage the

:19:47. > :19:50.meeting was with the EQ on what happened in this house as I set out

:19:51. > :19:57.what I thought the result of the election was and why. I set out why

:19:58. > :20:01.I believe the UK's aims would be and how different parts of the UK voters

:20:02. > :20:06.and all 27 other members spoke, many ask questions and at the end of the

:20:07. > :20:12.dinner I answered all those questions, as I do in this house, as

:20:13. > :20:15.fully as I could. A little bit of British parliamentary practice was

:20:16. > :20:20.introduced and I think it is a good way of doing things.

:20:21. > :20:27.Is very good for the European Council as well! Did I write

:20:28. > :20:36.honourable friend reiterate to the EU Council that we do not have a

:20:37. > :20:41.federal structure in the UK, we did not vote as different countries, but

:20:42. > :20:44.as British citizens each with an equal weight. Decisions must be

:20:45. > :20:48.taken by the United Kingdom Government and nobody else. Does he

:20:49. > :20:52.also accept that such was the importance of free movement of

:20:53. > :20:55.people in the referendum that any future deal reached with the

:20:56. > :20:59.European partners that does include free movement would be regarded as a

:21:00. > :21:08.betrayal by millions of people who voted to leave? I did emphasise that

:21:09. > :21:12.it is a EU decision, but they will want to listen very carefully to

:21:13. > :21:17.their various ministers and parliaments. As to this issue of

:21:18. > :21:21.free movement of people, that'll be for the next prime miniature and

:21:22. > :21:27.Government and parliament to decide, but I am in no doubt that this is

:21:28. > :21:31.the difficult issue. Frankly, it is a difficult issue inside the EU,

:21:32. > :21:36.where you have all the negotiations to try and change things. It will be

:21:37. > :21:43.even more difficult from outside if you want a free access to the

:21:44. > :21:49.market. But I was very clear to them that that was my reading of the

:21:50. > :21:52.referendum result, the combined issues of control and sovereignty

:21:53. > :21:58.over free movement of people. I said I was very sad about the result, but

:21:59. > :22:02.the economic case were staying in was very strong, but if we want to

:22:03. > :22:08.make it work, we have to listen to people and try and find a way

:22:09. > :22:11.through this. I think the -- thank the Prime Minister for his

:22:12. > :22:17.statement. I wonder if he is aware of a growing mood among heads of

:22:18. > :22:22.Government across the European Union. Several ministers that I

:22:23. > :22:26.spoke to yesterday said that given that three quarters of the young

:22:27. > :22:30.people voted to remain in Europe, they should be permitted as much as

:22:31. > :22:34.possible to remain in Europe, and what can be done to make sure that

:22:35. > :22:44.they are allowed access to Europe up the Michael Brad above the rest of

:22:45. > :22:51.us. Is he aware of the concerns who depend -- of those who depend on

:22:52. > :22:56.payments from the EU. Can he make a guarantee today that British farmers

:22:57. > :23:08.will continue to have direct payments to keep them in business as

:23:09. > :23:11.from the U. On young people, I think he is right. People want those

:23:12. > :23:16.opportunities to study and we will need to work out the precise nature

:23:17. > :23:22.of the agreements, and what access we can have two them from outside of

:23:23. > :23:26.the European Union. On the issue of funding, the European budget is set

:23:27. > :23:31.at between 2014 and 2020, including the amount of money that goes to our

:23:32. > :23:34.farmers. While we are in, those payments will continue and contracts

:23:35. > :23:39.will be honoured, but it will be for a future Government to work out what

:23:40. > :23:44.payments we should continue to make to our farmers. If it was me, I am

:23:45. > :23:49.keen to have a living and working countryside, but a future payments

:23:50. > :23:53.will have to decide. Does the Prime Minister agree with the unanimously

:23:54. > :23:59.taken view of the Foreign Affairs Committee, that the construction of

:24:00. > :24:02.Article 50 means that it is perfectly likely that they will be

:24:03. > :24:08.no agreement on the other side of the negotiations requiring queue and

:24:09. > :24:14.the of our partners at the end of the two years, and that that would

:24:15. > :24:21.mean that we would still have access to the single market, but would be

:24:22. > :24:23.subject to world trade organisation favoured terms, and since I would

:24:24. > :24:27.mean there be no free movement of people and we would not be paying

:24:28. > :24:31.into a budget, that would represent a perfectly sound bottom line for

:24:32. > :24:37.the United Kingdom in the negotiations? Could the Prime

:24:38. > :24:43.Minister... It is likely that other advances would be made on that

:24:44. > :24:46.before we arrive at a deeper and compounds of trade agreement, could

:24:47. > :24:50.the Prime Minister also just tell us about the fate of the British

:24:51. > :24:55.presidency next year. We will study a full member, will be take up our

:24:56. > :25:02.responsibilities? We will be hearing from him very regularly, but he will

:25:03. > :25:07.have to be briefer than that. I did look at the foreign affairs select

:25:08. > :25:10.committee report. While I am not fully liberated to say what I think,

:25:11. > :25:30.I thought the conclusions were... Le I was thinking of it plays new to

:25:31. > :25:38.Dagenham, but I won't go into that. If we leave the U, the tariffs are

:25:39. > :25:42.something like 12% on clothes, 15% on cars, this is not a good outcome

:25:43. > :25:47.for the United Kingdom. We will look at the foreign affairs select

:25:48. > :25:52.committee as we get this unit up and running and look at all the Tanaiste

:25:53. > :26:01.is -- alternatives, but I do not think that is a good outcome from

:26:02. > :26:05.the United Kingdom. May I thank the Prime Minister Britain service to

:26:06. > :26:07.the country, for his support for Northern Ireland and the Northern

:26:08. > :26:14.Ireland executive through very difficult times, and also support

:26:15. > :26:20.for the United Kingdom. I wish him all the best for the future. On the

:26:21. > :26:24.issue of the summit, can you spell out again, not least to reassure our

:26:25. > :26:29.European partners in Central and Eastern Europe, our commitment to

:26:30. > :26:32.Nato, and that our European partners who are now speaking somewhat ill of

:26:33. > :26:38.our decision last Thursday, should be reminded that the UK is one of

:26:39. > :26:43.the main contributors to Nato, is a firm supporter of defence and

:26:44. > :26:47.security, and that they should play a greater role in stepping up to

:26:48. > :26:51.contributing to European defence, along with the Americans and

:26:52. > :27:01.ourselves. In love this, the wider perspective needs to be at. EU is

:27:02. > :27:06.important, but Nato needs to be borne in mind very strongly,

:27:07. > :27:11.especially with regards to Russia. He is right that our commitment to

:27:12. > :27:15.Nato continues. I think he is also right that our spending being 2% of

:27:16. > :27:19.our national output is now responsible for a very large share

:27:20. > :27:24.of the overall European commitment, and we should be encouraging others

:27:25. > :27:28.to increase their spending. We need to make sure that our membership of

:27:29. > :27:34.Nato continues and we are not disadvantaged by being in one and

:27:35. > :27:39.out of the other. My right honourable and consistently made the

:27:40. > :27:43.case for British car workers. He made his last appeal to the country

:27:44. > :27:53.from Birmingham, which was much appreciated. Would he agree that

:27:54. > :28:02.rich the key to protecting the hundreds of thousands of jobs are in

:28:03. > :28:08.that market. Anyone who thinks that there isn't something of a

:28:09. > :28:15.manufacturing renaissance in Britain should go to that Jaguar plant.

:28:16. > :28:20.There are now 14,000 people there, a big rise, it is not just any factual

:28:21. > :28:27.and assembly, it is everything. They are on hundreds of apprentices every

:28:28. > :28:32.year, it is a magnificent car plant and it is something we want to see

:28:33. > :28:39.more of. I think it is crucial to companies like bad that we keep the

:28:40. > :28:44.European market open. That is always an alternative for them and I think

:28:45. > :28:50.that draws into sharp relief the importance of maintaining a strong

:28:51. > :28:54.access to the single market. There is obviously a different between

:28:55. > :28:57.future free movement reform and the position of existing residents. The

:28:58. > :29:01.Prime Minister said earlier that we could not confirm residency or

:29:02. > :29:07.employment rights for it EU citizens who live here already, until the

:29:08. > :29:13.negotiations are underway. Why? This is being exploited by off all go

:29:14. > :29:19.home campaigns or repatriation campaigns, surely we should take a

:29:20. > :29:22.firm stand against those and pass some swift motion Dorel legislations

:29:23. > :29:26.or a new immigration rules in this House before the summary says, to

:29:27. > :29:32.put an end to that regulation, provide reassurance to EU citizens

:29:33. > :29:36.who may have worked here for very many years. I urge you to consider

:29:37. > :29:43.theirs, because I think that the sake of community cohesion, this

:29:44. > :29:48.would be wise. We will look very carefully at this. I have tried to

:29:49. > :29:52.answer this as accurately and legally as I can, because as we go

:29:53. > :30:02.into the figures shisha and, if we come out of it -- future

:30:03. > :30:08.negotiation, arguing on figures or work permits for nationals to come

:30:09. > :30:13.here, other countries might take reciprocal action against British

:30:14. > :30:18.citizens trying to live and work elsewhere. Even if that were to

:30:19. > :30:23.happen, I think the answer would be to ensure the status of anybody here

:30:24. > :30:26.now, and we can say that while we are in the European Union, but I

:30:27. > :30:32.think it is for a future Prime Minister to make that decision. I

:30:33. > :30:38.readily understand that negotiations are going to be long on economic

:30:39. > :30:42.issues, but the last few years have seen a big improvement in terms of

:30:43. > :30:48.our cooperation on matters of security, both those formal and

:30:49. > :30:57.informal meetings. I can see that that should be much of a wait and

:30:58. > :31:02.negotiations peace. Surely it makes sense to make sure that those

:31:03. > :31:07.meetings continue, both in terms of dealing with terrorism, but also

:31:08. > :31:14.dealing with economic crime. I think my honourable friend puts it well.

:31:15. > :31:22.The counterterrorism group of countries, mostly European Union

:31:23. > :31:29.countries, this is a group that is meeting, but there are also a number

:31:30. > :31:33.of growing mechanisms within the EU, the watch lists for people

:31:34. > :31:39.travelling between European countries, some of which are bound

:31:40. > :31:44.up very much in EU laws, but people can make that or not, but they

:31:45. > :31:50.exist. We need to work on maintaining access to as much of

:31:51. > :31:53.that as possible in terms of national security. Could the Prime

:31:54. > :31:58.Minister explained to the millions of people who voted to leave, why we

:31:59. > :32:06.await a new Prime Minister in the next few months? All the

:32:07. > :32:11.professionals start talking and negotiating informally perhaps with

:32:12. > :32:14.Canada, Australia, Malaysia with all those other countries who would be

:32:15. > :32:20.desperately keen to sign up to a trading agreement? Why can we not do

:32:21. > :32:25.these things? If we are still paying our full amount into the European

:32:26. > :32:35.Union, are we still going to have two side every single directive that

:32:36. > :32:38.comes during the next two years? On Australia, Canada, Malaysia, of

:32:39. > :32:42.course we can start those conversations. I think it is

:32:43. > :32:46.difficult to start full on trade negotiations, because until you know

:32:47. > :32:51.the relationship between Britain and the European single market, it is

:32:52. > :32:57.difficult to get into big discussions. We have to be very

:32:58. > :33:01.clear, we pay into the European Union and that continues until the

:33:02. > :33:06.day we leave, and therefore we have to obey the rules and laws, just as

:33:07. > :33:13.we would expect just other European Union countries to do, with respect

:33:14. > :33:18.to us. In terms of decisions that need to be made right now, there are

:33:19. > :33:22.those that have to be made legal and practical reasons. There may be some

:33:23. > :33:27.decisions that can be put up a month or two, order to have a new

:33:28. > :33:32.Government who can think about them in the context, but I don't think we

:33:33. > :33:35.should do anything to break the law. Whilst we are naturally focused on

:33:36. > :33:39.our future role in Europe, have friends in the Baltic nations are

:33:40. > :33:44.concerned about their immediate risks across the border. These are

:33:45. > :33:48.both military and things like cyberspace, as my right honourable

:33:49. > :33:53.friend knows very well. Is he satisfied that that can be done is

:33:54. > :33:59.being done within Nato and the European Union, to stand by our

:34:00. > :34:08.friends? I think enough is being done. We have the Warsaw Summit

:34:09. > :34:10.coming up, we'd be playing a big role, and making sure that military

:34:11. > :34:16.presence is in Latvia and Estonia. We will be playing our part and the

:34:17. > :34:20.Americans will be playing bears. It is important we keep up that we

:34:21. > :34:29.assurance, because that is the key thing for that Britain helps their

:34:30. > :34:33.security. I was at the protest last night outside the House of Lords. I

:34:34. > :34:40.have to report that I did not see the Prime Minister had their, so I

:34:41. > :34:49.can tell and that the most popular chants that was repeated over and

:34:50. > :34:57.over was Eton Mess, Eton Mess. Most of those people were young, because

:34:58. > :35:03.most of the people who benefit from the EU are young. What can the

:35:04. > :35:04.future Government do to make sure that that funding or similar funding

:35:05. > :35:14.is secured? I was because I was in Brussels at

:35:15. > :35:19.the time and while I am all for having your cake and eating it I

:35:20. > :35:25.have not worked out how to be in two places at once. I have said what I

:35:26. > :35:29.can about funding for universities. It is important we continue to get

:35:30. > :35:34.it through the EU while we are a member and afterwards we will have

:35:35. > :35:38.to make decisions. He and I have to be frank with each other that Wales

:35:39. > :35:44.actually did not vote to remain within the EU in spite of the fact

:35:45. > :35:48.they are a net beneficiary, Welsh farming does well out of Europe and

:35:49. > :35:53.the steel industry would do better in that out. I take my share of

:35:54. > :35:59.responsibility we lost but we all must think about, even now we are

:36:00. > :36:03.leaving, make better arguments about how we can remain as engaged as

:36:04. > :36:08.possible. Can I thank the Prime Minister, not

:36:09. > :36:13.just for his statement today, but for all his work he has done over

:36:14. > :36:17.the past six years to protect UK interests when attending these

:36:18. > :36:22.European union Council meetings. With respect to the meeting

:36:23. > :36:27.yesterday, that my right honourable friend detect any regret on the part

:36:28. > :36:33.of other EU leaders that they do not make more concessions when he sought

:36:34. > :36:38.to renegotiate terms of membership? That is a very good question and I

:36:39. > :36:43.am quite keen to answer it. The sensible thing the European Council

:36:44. > :36:48.was they had bent over backwards to give a country that already had a

:36:49. > :36:53.special status out of the euro and out of the Schengen system, things

:36:54. > :36:58.they found profoundly uncomfortable. Many of those countries do believe

:36:59. > :37:05.in Iraq. Political union, however wrong we think is. -- believe in

:37:06. > :37:09.ever closer political union. The dislike having to agree to cut

:37:10. > :37:15.welfare benefits for their own citizens because that is what they

:37:16. > :37:20.signed up to do. -- the best light. I believed and will always believed

:37:21. > :37:25.it was good negotiation, it did not solve all of Britain's problems but

:37:26. > :37:28.address some of the biggest concerns the British people hands and I would

:37:29. > :37:33.say I always want to know if there is more that could have been done

:37:34. > :37:38.what the strong sense I get is this issue of pool access to the single

:37:39. > :37:43.market and reform of free movement is very difficult. We achieve some

:37:44. > :37:47.free movement of reforms but the idea there is an enormous change to

:37:48. > :37:52.freeze movement, particularly from outside the EU, is a very tough call

:37:53. > :37:58.and we must think it through very carefully. -- change to free

:37:59. > :38:02.movement. It was a referendum on the

:38:03. > :38:07.membership of the EU and not the single market. Given the grave

:38:08. > :38:10.damage already done to our economy because of uncertainty would he call

:38:11. > :38:15.on all of those in this house to aspire to lead this country too, to

:38:16. > :38:19.keeping Britain within the single market with full access.

:38:20. > :38:24.The right honourable gentlemen makes an important point. This is one of

:38:25. > :38:28.the key arguments. When I examine why I have always believed we are

:38:29. > :38:33.better off in even though I wanted to see reform, it always came down

:38:34. > :38:39.to the single market, we're in it, it will go on existing even if

:38:40. > :38:45.relieved and profoundly affects our economic and business and national

:38:46. > :38:49.life. -- even if we believe it. I would urge my colleagues to aim for

:38:50. > :38:56.the greatest possible access but they will have to think about the

:38:57. > :38:59.benefits and drawbacks of that. Does the Prime Minister except when

:39:00. > :39:04.negotiating we should remember many strengths? One of the strongest

:39:05. > :39:09.economies, many competitors are advantages which would more than

:39:10. > :39:17.compensate for any tariffs which the WTO will ensure cannot be punitive

:39:18. > :39:19.and while nations around the world, including Australia and New Zealand,

:39:20. > :39:24.are already knocking at our door with regard to trade deals?

:39:25. > :39:28.No one is more impressed I the strength of the British economy than

:39:29. > :39:34.me. It is strong, many advantages, many key industries that are admired

:39:35. > :39:39.the world over. We have recognised it will be a hard and difficult

:39:40. > :39:44.negotiation in many ways because we are negotiating with a block of 440

:39:45. > :39:49.million people but we should certainly make the most of our

:39:50. > :39:53.strengths. I would avoid Paris. The IDF had paddocks can be compensated

:39:54. > :40:01.for in other ways is dangerous top. -- outward avoids tariffs. Companies

:40:02. > :40:08.that come here do not want to pay for the Mac.

:40:09. > :40:13.The campaign undoubtedly made totally false pledges and they have

:40:14. > :40:18.been cordial exposed. Coming back to the issue raised on a number of

:40:19. > :40:22.occasions today does not some of the responsibility for the result light

:40:23. > :40:30.with the EU leadership and the way in which they show no flexibility

:40:31. > :40:34.whatsoever over at issue, certainly in my constituency, the issue of

:40:35. > :40:38.free movement of labour. EU law that not come about with the Ten

:40:39. > :40:45.Commandments. National debt not come down. For

:40:46. > :40:49.once I have some great sympathy with the honourable gentleman. That is

:40:50. > :40:53.why I took aim at this issue by saying people who come here and work

:40:54. > :41:01.but not get full access to wealth for four years and that addressed

:41:02. > :41:07.the constituents, both main and his,. It is important EU countries

:41:08. > :41:12.see the single market insisting not only of the free movement of goods,

:41:13. > :41:18.people, services and capital, the CNN bound together but also the CD

:41:19. > :41:25.single market -- the CNN bound together. Basically payments

:41:26. > :41:29.countries make into the EU to strengthen the weaker members. One

:41:30. > :41:32.can try and negotiate amendments to this but we must think about that

:41:33. > :41:37.mindset as we going to the negotiation.

:41:38. > :41:41.The Prime Minister will be aware of the North Hertfordshire voted to

:41:42. > :41:47.stay in the EU. Many of our businesses rely on the single market

:41:48. > :41:52.and many of my constituents work in London in insurance, financial

:41:53. > :41:58.services, legal work. Does he agree that part of this negotiation must

:41:59. > :42:04.be about the passport arrangements, which enable the service interest to

:42:05. > :42:07.do so well and I do not know if it was mentioned at the European

:42:08. > :42:12.Council, what can I thank him for everything he has done.

:42:13. > :42:18.I thank my right honourable friend for his remarks. The is your

:42:19. > :42:24.passport will remain very important. Financial services are 7% of our

:42:25. > :42:27.economy, we are at the financial centre for Europe, 40% of financial

:42:28. > :42:30.services in Europe and we will be strong in that area whatever the

:42:31. > :42:35.outcome but it is undoubtably through the passport does help

:42:36. > :42:39.British firms and it helped the country's firms come to Britain. One

:42:40. > :42:44.of the reasons the Swiss banks are here is because they do not get

:42:45. > :42:49.passport right in Switzerland and so this should be a very important

:42:50. > :42:55.feature and is one of the issues about what single access actually

:42:56. > :43:01.means. Could I thank the Prime Minister for

:43:02. > :43:03.all his efforts. Does he agree with me and fully recognise the very

:43:04. > :43:09.difficult position in Northern Ireland is now an? Be voted to stay,

:43:10. > :43:17.we want to stay yet we are hostage to the mistakes of others who were

:43:18. > :43:22.misled by false promises. On funding for NHS and a lorry loads for

:43:23. > :43:25.farmers. Does he recognise Northern Ireland have to open up

:43:26. > :43:28.opportunities to protect the interests inside a closer

:43:29. > :43:34.relationship with Europe and has he had time to give thought to how the

:43:35. > :43:37.settlement of 1998, the Good Friday agreement, is undermined by the

:43:38. > :43:42.dismantling of much of the legislation that hinges on the EU.

:43:43. > :43:46.We will look at the specific questions you raise is costly and

:43:47. > :43:53.that is something others in Westminster and Northern Ireland can

:43:54. > :44:01.start on. -- the specific questions he raises. We want the closest

:44:02. > :44:06.possible cooperation with the Government of Northern Ireland. They

:44:07. > :44:10.made a moving statement last night our how we have been fighting each

:44:11. > :44:15.other at 1169, I have not checked my dates. He then went through... You

:44:16. > :44:21.are nodding so I guess that is right. He then went through some of

:44:22. > :44:25.the key elements of the conflict in which I'm sure relatives of mine

:44:26. > :44:30.were probably involved. He said he is very proud that today relations

:44:31. > :44:33.between Northern Ireland and the UK have never been stronger and we must

:44:34. > :44:40.not let that go. We must -- my constituency is home

:44:41. > :44:43.to a number of manufacturing and technology businesses which play a

:44:44. > :44:47.major role in our local economy. What reassurance can the Prime

:44:48. > :44:52.Minister give this trade will continue to grow, not the least of

:44:53. > :45:03.Warwick's very strong vote to be means? -- renamed. -- remain.

:45:04. > :45:08.This comes back to access the single market. Nothing changes for the next

:45:09. > :45:13.two years at least while the negotiation carries on but we must

:45:14. > :45:17.make sure by the end of that article 50 process we have this access is

:45:18. > :45:24.properly set up so our manufacturers know what they are doing.

:45:25. > :45:27.Can I thank the Prime Minister strong condemnation of the racist

:45:28. > :45:31.attacks on members of the Polish community and community and others

:45:32. > :45:35.and also paid tribute to him for the respect and commitment he has

:45:36. > :45:41.showing to Britain's ethnic minority community or the last six years and

:45:42. > :45:45.also creating the most diverse administration of any Conservative

:45:46. > :45:48.Prime Minister history. In respect of yesterday's summit, was that a

:45:49. > :45:54.discussion of the comments made by the mail of Calais or the French

:45:55. > :45:57.economy Minister that the juxtapose the borders be taken out of France

:45:58. > :46:02.and returned to the UK? Does he agree with me that this is a deal

:46:03. > :46:07.made between Britain and France and has nothing to do with the

:46:08. > :46:12.referendum? Let me thank him for his comments

:46:13. > :46:16.about my support for Britain's ethnic minorities and the diversity

:46:17. > :46:20.we see on these benches. That has been a very important change in

:46:21. > :46:24.politics. We did not discuss last night the juxtapose border control

:46:25. > :46:29.issue not not the remarks of the Mayor of Calais. My view this -- my

:46:30. > :46:36.view is this is a treaty between Britain and France and we want to

:46:37. > :46:40.keep it. I don't take back anything about what I said about the risks

:46:41. > :46:43.during the referendum campaign so we need to redouble our efforts to

:46:44. > :46:50.secure this. Can the Prime Minister from 100,000

:46:51. > :46:56.migrants is about the maximum number of people that they are willing to

:46:57. > :46:59.accept at the moment, especially outside London and the Home

:47:00. > :47:03.Counties? I would not put it like that. The

:47:04. > :47:07.point I have always made is we should have a sense of the net

:47:08. > :47:14.migration. In it more than advanced countries like Britain you have

:47:15. > :47:17.often well over 100,000, many hundreds of thousands, British and

:47:18. > :47:22.EU nationals here moving to Europe or elsewhere and European nationals

:47:23. > :47:25.coming here. I think measuring the next number, which is obviously

:47:26. > :47:29.imprecise and difficult because people leave for all sorts of

:47:30. > :47:34.reasons if he good way of measuring pressure on public services. -- next

:47:35. > :47:39.number. If you go back to 2008 the number of people leaving the UK and

:47:40. > :47:45.the number of people arriving, it was actually a little negative. But

:47:46. > :47:49.it's like was on this net migration issue. You should measure the

:47:50. > :47:56.overall numbers because the ghost movements can be much better than

:47:57. > :47:59.the net figure at the end. -- gross movement. But he recognised

:48:00. > :48:06.the river becomes elected Prime Minister will have no mandate to

:48:07. > :48:12.negotiate on behalf of the people. Not least because they failed to set

:48:13. > :48:16.out any indication of what a post on Brexit UK would look like and

:48:17. > :48:20.therefore we should have an early general election?

:48:21. > :48:25.I believe the new Prime Minister and Cabinet should draw up their

:48:26. > :48:30.negotiating mandate done over -- on their work done over the next few

:48:31. > :48:34.months and then bring it here and defend and explain it in this house

:48:35. > :48:40.and that seems, to me, the right way forward.

:48:41. > :48:45.The formal negotiation will start with Article 50 is good but with the

:48:46. > :48:49.Prime Minister agreed at our first piece of negotiating 11 which is

:48:50. > :48:54.when we decide to trigger article 50 and there is no reason, legal or

:48:55. > :49:00.moral, to do that until we are ready and we have sight, month by month,

:49:01. > :49:05.what will happen in the following 24 months after it.

:49:06. > :49:12.My honourable friend is right that it is a British decision went to

:49:13. > :49:14.trigger article 50. -- went to trigger. It is important to

:49:15. > :49:20.recognise our European partners have concerns too. Our current economic

:49:21. > :49:24.problems and make up more of also affect them. The Dutch Prime

:49:25. > :49:29.Minister said to me he thought his growth rate would be a material

:49:30. > :49:34.affected -- materially affected by the onset in Britain. Given

:49:35. > :49:39.negotiations are hard work and hard graft and also rely on good will you

:49:40. > :49:40.do not want to put too much of that good will risk in terms of how you

:49:41. > :49:51.proceed. With a future trading position

:49:52. > :49:56.completely unknown, with the unity of the UK itself under threat and

:49:57. > :50:01.appalling racist attacks happening on our streets, does the Prime

:50:02. > :50:05.Minister not agree that as a response to the referendum, the

:50:06. > :50:11.setting up of a unit in the Cabinet Office under the member for West

:50:12. > :50:16.Dorset is simply not up to the task, in response to what is the greatest

:50:17. > :50:21.change in Britain's position in the world since the end of the Second

:50:22. > :50:26.World War. I agree with him on the issue of racist attacks. We need to

:50:27. > :50:33.take urgent action. In terms of the steps we need to take, there is a

:50:34. > :50:36.limited amount you can do before a new Prime Minister and new cabinet

:50:37. > :50:42.arrived, but you shouldn't belittle that because a lot of this is cold,

:50:43. > :50:45.hard facts about what the benefits are, and there is a world of

:50:46. > :50:50.difference between the referendum campaign with the leave side were

:50:51. > :50:56.building all sorts of things that went with the hypothetical state

:50:57. > :51:00.issue -- offering, and that is something that needs to happen and I

:51:01. > :51:05.think the mechanics we are putting in place will help that to happen.

:51:06. > :51:09.The Prime Minister said that we are entitled to all the benefits of

:51:10. > :51:13.membership until the points of which we leave. Can I clarify if there has

:51:14. > :51:21.been any discussion about access to funding, like the funding to

:51:22. > :51:25.Glasgow, which has created 10,000 jobs. The long-term conditions of

:51:26. > :51:33.loans issued under the European investment bank, which were worth

:51:34. > :51:36.significant amounts of money. All I can say is that any contracts

:51:37. > :51:42.entered into before Britain leaves the EEA should be honoured in full,

:51:43. > :51:51.in terms of EU funding for research or regions of our country. The state

:51:52. > :51:56.as we have with respect to the European investment bank, but we

:51:57. > :52:05.will look at that now to see what the options are. Vote Leave are so

:52:06. > :52:08.confident of delivering on their overblown promises that they have

:52:09. > :52:13.recently wiped much of their website and removed the key claims that they

:52:14. > :52:18.have made during the campaign from it. I disagreed with many of the

:52:19. > :52:22.claims made, but does the Prime Minister agree with me that the

:52:23. > :52:28.public will never forget vote Leave politicians that form part of the

:52:29. > :52:33.new Government if an outbreak those pledges? There will be no hiding

:52:34. > :52:36.place from being held to account on those promises for the next

:52:37. > :52:41.Government. One thing we all experience and share in this House

:52:42. > :52:48.is that when we make commitments and promises, we are held to account for

:52:49. > :52:52.them. At these dispatch boxes and accounts in a way that is often more

:52:53. > :52:58.direct and brutal than other democracies. I say, long may that

:52:59. > :53:09.remain the case. Kiwi negotiations will clearly be difficult and take

:53:10. > :53:14.some time -- the renegotiations. But one place we need to take action now

:53:15. > :53:18.is improving jobs, infrastructure in our market towns and coastal areas,

:53:19. > :53:22.where many people think they haven't seen the benefits of growth. Can I

:53:23. > :53:26.ask the Prime Minister to work with local council leaders to make sure

:53:27. > :53:32.the devilish and deals being struck across the country deliver for these

:53:33. > :53:45.areas and not just our great leisure polities cities? -- devilish and.

:53:46. > :53:52.They help address the issue of immigration, but they also offer

:53:53. > :54:00.hope to our regional economies, not just our city economies. We should

:54:01. > :54:05.continue with all these devolution deals. We will continue at that

:54:06. > :54:18.work. The Prime Minister of Northern Ireland voted to remain within the

:54:19. > :54:24.European Union. My constituency depends on free access to goods

:54:25. > :54:31.services. That essential access to markets where 46% of what the

:54:32. > :54:37.exploit and import comes from the south of Ireland -- export. Our

:54:38. > :54:43.economy depends on the European Union. How can that be guaranteed?

:54:44. > :54:48.The... In Northern Ireland was very strong, not least respecting the

:54:49. > :54:52.fact that the party of the First Minister wanted to leave the

:54:53. > :54:56.European Union. It was a very strong statement. But I would argue that

:54:57. > :55:00.all the constituent parts of the United Kingdom need to make their

:55:01. > :55:04.voice heard, and I think this process over the next few months are

:55:05. > :55:06.drying up the different blueprint is an important opportunity to

:55:07. > :55:12.influence the debate in this country and Europe, about what the outcome

:55:13. > :55:16.should be. The example she gets about border trade in Northern

:55:17. > :55:21.Ireland is a good example to inform this debate. British troops are

:55:22. > :55:25.currently on the Polish Ukraine border taking part in the largest

:55:26. > :55:37.military exercise since the end of the Cold War. He has committed 1000

:55:38. > :55:42.British personnel to participate in aggression. Can I urge him to use

:55:43. > :55:50.his final appearance as a Nato Prime Minister on the eighth and ninth at

:55:51. > :55:58.the Warsaw summit, to continue to press sanctions against Russia. I

:55:59. > :56:03.think the honourable lady is absolutely right and we have done a

:56:04. > :56:06.lot to reassure the Polish and Baltic friends and allies. That is

:56:07. > :56:09.why the troops are taking part in this exercise. We had taken a

:56:10. > :56:14.leading role in this Nato conference and we will make sure that we

:56:15. > :56:19.provide visible troops. Eyes will be stationed in Estonia, America, and

:56:20. > :56:24.other countries will be taking on the other Baltic states, so that

:56:25. > :56:31.people can see, when they look over these borders, they don't just see a

:56:32. > :56:35.stony and Latvian troops, we see French and British and American

:56:36. > :56:40.troops. Several weeks ago, and the lead up to the referendum, I asked

:56:41. > :56:44.for a personal commitment from the Prime Minister for the city of

:56:45. > :56:49.Dundee and the surrounding areas. He gave that full commitment. Since

:56:50. > :56:52.that referendum, we have heard comments from the Secretary of State

:56:53. > :56:59.for Scotland that that may now be in doubt due to a Tory new leader. Can

:57:00. > :57:04.I have the assurance that the city deal will be delivered in terms of

:57:05. > :57:10.funding, regardless of who will be the Prime Minister in the near

:57:11. > :57:13.future? I can't bind the hands of my successor, but I will say to any of

:57:14. > :57:17.the candidates that the city deals have been a great success throughout

:57:18. > :57:21.the United Kingdom and I think it has been quite a marked thing that

:57:22. > :57:24.although Scotland now has a powerhouse parliament, they have

:57:25. > :57:31.been popular and successful where they have been tried in Scotland,

:57:32. > :57:32.and I will make sure that is clear. A Canadian style free trade

:57:33. > :57:36.agreement clearly would not be the agreement clearly would not be the

:57:37. > :57:41.best possible deal for our country and I think it is pretty

:57:42. > :57:44.irresponsible but some of the leading leave campaigners to suggest

:57:45. > :57:49.in the campaign that that was somehow a good alternative to our

:57:50. > :58:00.membership. But isn't it also clear that from what are European leaders

:58:01. > :58:05.said yesterday, that F we prioritise stopping... We want have the same

:58:06. > :58:10.access to the European free market. The parameters of the choice are

:58:11. > :58:16.actually clear. I can add to that point by saying that one of the

:58:17. > :58:20.things in the meeting, it is worth pointing out that the Canada free

:58:21. > :58:26.trade deal is not yet agreed and there are countries in the EU that

:58:27. > :58:30.are getting very nervous about free trade deals. I happen to think they

:58:31. > :58:35.are wrong, but that is worth bearing in mind. What she says about access

:58:36. > :58:38.to the free market, if that is the most important thing, there are

:58:39. > :58:39.trade-offs that you have to consider and that is certainly the way I

:58:40. > :58:59.would see this because she Asian. A year later they voted in a second

:59:00. > :59:02.referendum to accept that and the finer European traditions of keeping

:59:03. > :59:06.voting until you get the right result. We know that many millions

:59:07. > :59:11.of people in this country felt that they were deceived by the

:59:12. > :59:17.exaggerations and the lies in the campaigns of both parties and they

:59:18. > :59:20.now feel themselves cheated by that result and millions of people have

:59:21. > :59:27.protested. Isn't it right that we look again at the possibility of a

:59:28. > :59:33.second referendum in this certainty that all second thoughts are always

:59:34. > :59:37.superior to first thoughts? I think we have to accept the result and I'm

:59:38. > :59:42.certainly not planning a second referendum. What we have to focus on

:59:43. > :59:45.is get the closest possible relationship between Britain and

:59:46. > :59:50.Europe. We can start the work in shaping that debate and I think we

:59:51. > :59:56.can start that debate right now. And getting a bit bored with this lame

:59:57. > :00:02.duck attitude that the Prime Minister is giving us. Take control,

:00:03. > :00:05.man! We could be passing emergency legislation to make it absolutely

:00:06. > :00:08.clear that every EU citizen who was living in this country now is

:00:09. > :00:13.entitled to live here and stay here into the future. That would stop

:00:14. > :00:16.some of the horrible campaigning that is already happening around the

:00:17. > :00:21.country. You could set up a Royal commission to make sure we bind

:00:22. > :00:24.together as much of the country as possible. To start creating a

:00:25. > :00:29.consensus for what we should be lobbying for as our best deal in the

:00:30. > :00:36.future. Why doesn't he take control? I thought that is what it was all

:00:37. > :00:42.about. I have never believed you take control or take rapid decisions

:00:43. > :00:48.by setting up a Royal commission. They take minutes and the last four

:00:49. > :00:52.years. That is what would happen in this case. I will look very

:00:53. > :01:01.carefully at all these issues of how to reassure EU nationals that are

:01:02. > :01:10.here. Frankly, he and his colleagues have got something they need to take

:01:11. > :01:16.control of, and it is their party! It is a topsy-turvy world. I have

:01:17. > :01:20.never felt greater support from my party and I am leaving, and I have

:01:21. > :01:25.never seen an opposition leader with less support and he is staying. As

:01:26. > :01:29.someone about to enter the political graveyard, perhaps I could misquote

:01:30. > :01:41.my favourite band and say, let's meet at the cemetery gates. A farmer

:01:42. > :01:58.in my constituency is thinking of emigrating, the possible stopping of

:01:59. > :02:10.CAP payments. Can he reassure me that the possibility of CAP payments

:02:11. > :02:17.will continue? The CAP payments will continue as far as our contract

:02:18. > :02:25.lasts. The new Government will decide the payments it wants to make

:02:26. > :02:30.two Scottish farmers. When the Prime Minister got back from Brussels last

:02:31. > :02:34.night, was there any message from a member from Uxbridge about where to

:02:35. > :02:46.find the Riyadh and ?50 million for the NHS? -- 350 million. It was

:02:47. > :02:53.pretty late and there wasn't much time for anything. I don't really

:02:54. > :02:56.think the Prime Minister fully appreciates that when we negotiated

:02:57. > :03:01.the Good Friday Agreement, the common membership of the EU was

:03:02. > :03:05.taken as a given and was in the fabric. At the core of that

:03:06. > :03:09.agreement is the principle of consent. Now the people of Northern

:03:10. > :03:12.Ireland feel that they are being dragged out of the European Union

:03:13. > :03:19.against their consent, as expressed when they voted for the Good Friday

:03:20. > :03:25.Agreement. 78.2% voted to remain in my own constituency. It isn't enough

:03:26. > :03:28.for the prime ministers to say now that the negotiations will sort

:03:29. > :03:32.things out for us. It is clear that English politics do not have a sat

:03:33. > :03:37.nav or a map for what is happening, and now he is telling us that we had

:03:38. > :03:46.to tailgate to where it the prejudice in English politics drive

:03:47. > :03:49.us next. I totally understand the honourable gentleman's passion about

:03:50. > :03:54.this and he and I were on the same side, but my reading of the history

:03:55. > :03:59.of this was different, which is that the Good Friday Agreement, based on

:04:00. > :04:01.the principle of consent, was that the United Kingdom would continue

:04:02. > :04:06.and Northern Ireland would be part of that United Kingdom. This is a

:04:07. > :04:12.sovereign decision for the United Kingdom, now the job of the United

:04:13. > :04:16.Kingdom Government is to try to get the best possible because she Asian

:04:17. > :04:26.for Britain's place, and therefore Northern Ireland's Place --

:04:27. > :04:30.negotiation. Britain's European Commission earner has decided to

:04:31. > :04:37.step down. As the Prime Minister any plans to appoint somebody, if only

:04:38. > :04:42.on an interim basis? Yes, I think we should appoint a new commissioner,

:04:43. > :04:45.we pay our dues in full. I discussed this yesterday with the president of

:04:46. > :04:53.the commission and we hope to come forward with a nominee shortly. Mr

:04:54. > :04:58.Speaker, as the proud son of Irish immigrants, who encountered those

:04:59. > :05:04.signs, no dogs, no Irish, we once again see fear stalks the streets.

:05:05. > :05:08.The Polish women were told home, the Kashmiri driver told, we don't want

:05:09. > :05:14.you Muslims here. The aggressive individual who is said to a train

:05:15. > :05:19.guard, don't you close those door is until I tell you, we make the rules

:05:20. > :05:22.now. All as a consequence of xenophobia being put mainstream in

:05:23. > :05:28.the referendum campaign. Does the Prime Minister agree with me that it

:05:29. > :05:32.can never be right that someone, because of their accent or the

:05:33. > :05:38.colour of their skin, it should fear for their safety, and that we will

:05:39. > :05:40.never, ever allow this great, dynamic, multicultural Britain to be

:05:41. > :05:51.divided by the evil of racism? By the honourable gentleman has so.

:05:52. > :05:55.I never wanted to see those sentiments appear in our country

:05:56. > :06:01.again. The difference between now and the 1950s is our laws are far

:06:02. > :06:07.stronger, the understanding of our place is far better and the ability

:06:08. > :06:13.of prosecuting authorities is far stronger and all those things should

:06:14. > :06:16.be brought to bear. As far as the UK Council Presidency

:06:17. > :06:21.is concerned perhaps they should invite the Scottish Government are

:06:22. > :06:29.hosted seeing as we are committed to the EU. Does he understand the

:06:30. > :06:31.express -- problems expressed by my constituents with their friends and

:06:32. > :06:36.relatives living in the EU particular with health care and the

:06:37. > :06:41.like. How will this be affected in the

:06:42. > :06:44.future? Health care is exactly the sort of issue that did not loom

:06:45. > :06:49.large in the campaign as it should because there are some big retail

:06:50. > :06:55.benefit from being in the EU, no roaming charges for mobile phone

:06:56. > :06:59.chargers, access to health care, cheap airfares and the rest of it.

:07:00. > :07:03.It is the sort of thing a Whitehall unit can look at, what are the rules

:07:04. > :07:09.and terms of access to health care what can use secure within Europe

:07:10. > :07:14.and out with the EU and start to put that forward so people can see what

:07:15. > :07:20.the future holds. 70% of those who voted in my

:07:21. > :07:23.constituency voted to remain. Many constituents have written to me

:07:24. > :07:30.feeling for stability and jobs in our local immunity were 15% argue

:07:31. > :07:32.that -- 15% of EU nationals. What should I say the Government is doing

:07:33. > :07:37.to reassure them? I hope you would say we have to

:07:38. > :07:45.accept the democratic will of the people, but we should do everything

:07:46. > :07:50.we can to reassure people hate crime has no place in this country and we

:07:51. > :07:54.will conduct a negotiation based on the best available evidence about

:07:55. > :07:58.what we can do to achieve the closest possible relationship with

:07:59. > :08:02.Europe on the basis of trade, cooperation and security. That is

:08:03. > :08:07.our goal but in any referendum debate what a decision like this

:08:08. > :08:10.that will be those disappointed with the result, myself included. We now

:08:11. > :08:16.must make the best we can the new situation we are in.

:08:17. > :08:21.The already dodgy economic at Hinkley point C have surely been

:08:22. > :08:25.fatally undermined by the decision to withdraw from the EU. Can I

:08:26. > :08:30.suggest to the Prime Minister, if he is looking to salvage something of a

:08:31. > :08:32.legacy, he pulled the plug on this enormous folly?

:08:33. > :08:37.I do not agree with the honourable gentleman. The logic and the

:08:38. > :08:43.economic span of Hinkley point C are that we need to have this old

:08:44. > :08:48.non-carbon energy it in order to have any ability to meet the very

:08:49. > :08:55.challenging targets we have two reduce carbon emissions. I am all

:08:56. > :09:00.for and have seen a mass of an expansion of renewable energy says I

:09:01. > :09:03.have been Prime Minister. My friend print -- my favourite statistic is

:09:04. > :09:08.90% of solar panels have been installed since I have had this job.

:09:09. > :09:14.But solar power is intermittent and units based power and is why the

:09:15. > :09:19.case for crinkly continues. If the Prime Minister will dig out

:09:20. > :09:24.his copy of the Queen is dead album, he may want to depress himself or

:09:25. > :09:30.other relevant to my favourite track, I Know It's Over. However, as

:09:31. > :09:35.far as the Labour Party is concerned, There Is A Light That

:09:36. > :09:39.Never Goes Out. On Bristol our elected mayor convenes a meeting of

:09:40. > :09:44.key stakeholders to work out what this means for the city. There are

:09:45. > :09:48.many wanted people so can he assure us the voice of cities on the

:09:49. > :09:51.international stage will not be Dems. -- there are many wanting to

:09:52. > :09:57.people. I will do everything I can to stand

:09:58. > :10:02.up for Bristol. I was interested in the Labour Party's favourite

:10:03. > :10:10.Smithsonian as it involves a double suicide. The lyrics are, if a

:10:11. > :10:17.double-decker bus crashes into others, to die by your side... I

:10:18. > :10:28.think the next verse is, if a pen: truck crashes into others -- payment

:10:29. > :10:31.and truck. You obviously need to look for inspiration elsewhere. I

:10:32. > :10:35.did not know what the Prime Minister had such a compendium of knowledge

:10:36. > :10:43.on music. Extraordinarily impressive! He wrote to members on

:10:44. > :10:48.both sides of the house top about the importance of manufacturing to

:10:49. > :10:56.the Midlands and also of herds in Prime Minister's Questions referred

:10:57. > :11:00.to the comments of Sadiq Khan in London having a voice in both

:11:01. > :11:04.preparation for negotiations and within any negotiations themselves.

:11:05. > :11:08.I agree with that and can be prime ministers say something about the

:11:09. > :11:16.mechanism he envisages to allow our regions outside of London to have a

:11:17. > :11:21.say in negotiations. What I can say and perhaps Apple

:11:22. > :11:27.said it out in more detail at a later occasion is we must find

:11:28. > :11:31.mechanisms such as a joint ministerial Council but also find

:11:32. > :11:42.new mechanisms that the voices of our nations and regions can be herds

:11:43. > :11:45.and I commit to that. Can be heard. Statement the parliamentary

:11:46. > :11:49.Under-Secretary of State at the home with responsibility for preventing

:11:50. > :11:56.abuse and exploitation. Karen Karen Bradley.

:11:57. > :12:04.Hate crime of any kind is directed against any community, race or

:12:05. > :12:10.religion has absolutely no place in our society. As my right honourable

:12:11. > :12:16.friend the Prime Minister told this house today we are utterly committed

:12:17. > :12:22.to tackling hate crime. We will provide extra funding in order to do

:12:23. > :12:28.so. We will also take steps to boost reporting of hate crime and to

:12:29. > :12:33.support victims. Issue new CPS guidance on racially aggravated

:12:34. > :12:38.crime, provide a new fund for protective security measures at

:12:39. > :12:41.potentially vulnerable institutions and also offer additional funding to

:12:42. > :12:48.community organisations so they can tackle hate crime. The scenes and

:12:49. > :12:52.behaviour we have seen in recent days, including offensive graffiti

:12:53. > :12:57.and abuse hurled at people because they are members of ethnic

:12:58. > :13:04.minorities, or because of nationality, are despicable and

:13:05. > :13:09.shame. . We must stand together against such hate crime and ensure

:13:10. > :13:14.it is stamped out. Over the last week there has been a 57% increase

:13:15. > :13:19.in reporting to the police online reporting portal Through vision,

:13:20. > :13:30.compared to this time last month with 85 reports between -- made

:13:31. > :13:35.between the 23rd and the following week May two 24 reports the previous

:13:36. > :13:40.week. I would urge caution in drawing conclusions from these

:13:41. > :13:46.figures as they are a rough and small snapshot of report rather than

:13:47. > :13:51.definitive statistics. Much of the reporting has been through social

:13:52. > :13:55.media, including reports of xenophobic abuse of Eastern

:13:56. > :14:02.Europeans as well as attacks against members of the Muslim community.

:14:03. > :14:06.However, we have also seen messages of support and friendship on a

:14:07. > :14:12.social media. I am sure you all house will want to join me in

:14:13. > :14:16.commenting on those who have, we have seen stand up for what is right

:14:17. > :14:23.and uphold the shared values that bind us together as a country, such

:14:24. > :14:28.as those who oppose the racist and hateful speech shown in the recent

:14:29. > :14:34.video taken on a pram in Manchester. These recent events are shocking but

:14:35. > :14:45.sadly this is not a new phenomenon. Statistics from the report published

:14:46. > :14:51.today show in 2015 there was a 320 -- 300 26% increase from 2014 in

:14:52. > :14:56.Street -based anti-Muslim incidents reported directly, such as verbal

:14:57. > :15:04.abuse in the street and a woman's reveals being pulled away for a 437

:15:05. > :15:07.incidents reported. The report also finds 45% of all the hate crime

:15:08. > :15:13.perpetrators are supportive of the far right. In recent days we have

:15:14. > :15:19.seen a far right groups engaged in order marches and demonstrations,

:15:20. > :15:25.sowing fear and division. We have also seen a far right groups

:15:26. > :15:30.broadcasting extreme racist and anti-Semitic and deals online. Along

:15:31. > :15:36.with the spectral hate speech posted online following the shocking death

:15:37. > :15:40.of our college Jo Cox. Her appalling death just under two weeks ago

:15:41. > :15:44.shocked and sickened people, not only in communities up and down this

:15:45. > :15:50.country, but in many other countries around the world. As we're herds in

:15:51. > :15:57.the many moving tributes paid to her in this house for a loss is keenly

:15:58. > :16:04.felt and we will always remember a husband is is not without a loving

:16:05. > :16:07.wife and two young children will grow up without a mother. The

:16:08. > :16:11.investigation of hate crimes is an operational matter for the police

:16:12. > :16:15.but I would urge anyone who has experienced hate crimes are

:16:16. > :16:19.reported, whether directly to the police, the police station, by

:16:20. > :16:27.phoning 0101 or online three Through vision website. In this country we

:16:28. > :16:30.have some of the strongest legislation in the world to protect

:16:31. > :16:35.communities from violence and bigotry and this includes specific

:16:36. > :16:38.offence is not a racially and religious aggravated activity and

:16:39. > :16:44.offences of this stirring up of hatred on the ground operation,

:16:45. > :16:48.religion and sexual orientation. It is imperative that these laws are

:16:49. > :16:53.vigorously enforced. The National police report hate crime, Mark

:16:54. > :16:57.Hamilton, has issued a statement confirming police forces are working

:16:58. > :17:03.closely with their communities to maintain unity and prevent any hate

:17:04. > :17:08.crime or abuse. Police forces will respond robustly to any incidents

:17:09. > :17:12.and victims can be reassured that their concerns about hate crime will

:17:13. > :17:18.be taken seriously by the police and courts. Any decisions regarding

:17:19. > :17:20.resources offered by police on a matter for Chief Constable Jerry

:17:21. > :17:29.Graham junction with their policing crime commission. -- between the

:17:30. > :17:34.chief constables under present crime commission. The Home Secretary asked

:17:35. > :17:37.the police to ensure the recording of religious -based hate crime

:17:38. > :17:42.includes the faith of the victim, a measure which came into effect this

:17:43. > :17:47.April. We also establish joint training between the police and CPS

:17:48. > :17:52.to improve the way the police identify and investigate hate crime.

:17:53. > :17:57.Alongside this training the College policing, and the professional body

:17:58. > :18:00.for policing, published national strategy and operational guidance in

:18:01. > :18:06.this area to ensure promising deals with hate crime effectively. But we

:18:07. > :18:10.must do more to understand the hate crime we are seeing and to tackle

:18:11. > :18:14.it. That is why we will be publishing a new hate crime action

:18:15. > :18:19.plan covering all forms of hate crime, including the xenophobic

:18:20. > :18:22.attacks. We have developed the plan in partnership with communities and

:18:23. > :18:26.departments across Government. It will include measures to increase

:18:27. > :18:30.the reporting of hate incident and crimes, including working with

:18:31. > :18:36.communities and police to develop third-party reporting centres. It

:18:37. > :18:39.will work to prevent hate crime on transport and tackle attacks against

:18:40. > :18:45.Muslim women which we recognise it's an area of great concern to the

:18:46. > :18:47.community. The action plan will also provide stronger victim support,

:18:48. > :18:54.helping put a stop to this behaviour. We also appreciate places

:18:55. > :18:58.of worship are feeling particularly vulnerable at this time and so we

:18:59. > :19:02.have established funding for the security of places of worship, as a

:19:03. > :19:07.note by the Prime Minister last October which will enable places of

:19:08. > :19:12.worship to bid for money to fund additional security such as CCTV or

:19:13. > :19:15.fencing. We also work with communities to encourage them to

:19:16. > :19:19.come forward to reporters crimes and given them the confidence of these

:19:20. > :19:26.crimes will be taken seriously by the police and courts. My noble

:19:27. > :19:30.friends, the Lord Ahmed and Baroness Williams, today visited the porous

:19:31. > :19:35.cultural Centre in Hammersmith which was a victim of disgusting graffiti

:19:36. > :19:43.to express their support. We're working closely with organisations

:19:44. > :19:47.to monitor hate crime incidents as well is working with the national

:19:48. > :19:48.community tensions team within the police to keep community tensions

:19:49. > :19:59.under review. Mr Speaker, the Government is clear

:20:00. > :20:02.that hate crime of any kind must be taken very seriously indeed. Our

:20:03. > :20:08.country's thriving, liberal and modern precisely because of the rate

:20:09. > :20:12.coexistence is of people between different backgrounds, faith and

:20:13. > :20:16.ethnicities. And that's rich coexistence is something we must

:20:17. > :20:21.treasure and strive to protect. We must work together to protect that

:20:22. > :20:25.diversity, to defeat hate crime and uphold the values that underpin the

:20:26. > :20:30.British way of life. And we must ensure that all those who seek to

:20:31. > :20:33.spread hatred and division within our communities are dealt with

:20:34. > :20:40.robust late night the police and courts. I commend the statement to

:20:41. > :20:45.the House. May I begin by extending our sincere

:20:46. > :20:49.condolences to the victims of yesterday's appalling attack in

:20:50. > :20:54.Istanbul. And sending a number, amazing message to the terrorists

:20:55. > :20:59.that they will never prevail. That's and on compromising message. I

:21:00. > :21:03.congratulate the Minister on the statement she has just 11 to the

:21:04. > :21:09.House. Any referendum has the potential to create division within

:21:10. > :21:13.society, this one was no different. We're probably all felt the rising

:21:14. > :21:17.tension on the streets of our constituencies in recent weeks. In

:21:18. > :21:23.the aftermath, it is incumbent on any elected representative to do

:21:24. > :21:28.three things - burst to respect the decision of the people, second to

:21:29. > :21:34.take ahead those decisions, and three to take on and defeat the

:21:35. > :21:37.minority of people who take these occasions to peddle hatred and

:21:38. > :21:43.violence. And that is what this has resulted it today and together.

:21:44. > :21:48.Since last Thursday there is it reports of a fivefold increase in

:21:49. > :21:56.race hate on social media challenges the macro channels. A 57%

:21:57. > :22:01.increase... And already rising tide of hate crime in England and Wales.

:22:02. > :22:06.Last year the police recorded over 15,000 individual hate crimes, most

:22:07. > :22:10.of them racially motivated. An 18% rise on the year before. As you

:22:11. > :22:15.said, perhaps most disturbing of all, are reports of attacks in

:22:16. > :22:19.recent days on individuals and on specific communities. In Huntingdon,

:22:20. > :22:26.cards distributed outside homes and primary schools saying, no more

:22:27. > :22:30.Polish vermin. In Hammersmith, a Polish community Centre, dogs with

:22:31. > :22:37.racist graffiti. On Monday, a report of a Muslim schoolgirl, cornered by

:22:38. > :22:47.people telling her, get out, we voted Leeds. More reports today in

:22:48. > :22:50.Leicester and today in Manchester, footage of a university lecturer

:22:51. > :22:55.being told to go back to Africa by three youths on a tram. As a

:22:56. > :23:02.minister said, at tax on wisdom women, and even reports of women on

:23:03. > :23:05.mobile phones speaking in a foreign language being screamed at in the

:23:06. > :23:11.street. What is happening to the Britain that we have known? This is

:23:12. > :23:16.not taking our country back, this is turning Britain into a place we have

:23:17. > :23:20.never, ever been. Hate crime, by its very nature, is a rejection of the

:23:21. > :23:26.British values that have always bound us together. Non-British

:23:27. > :23:30.nationals living in Britain today will feel worried about their

:23:31. > :23:35.safety. And in need of reassurance. I hope to provide even more in the

:23:36. > :23:39.answers to my questions. I welcome the promise of a new hate crime

:23:40. > :23:45.action plan. Coquelles the House when this plan will be published, it

:23:46. > :23:49.is urgently needed? People in need of that reassurance will need that

:23:50. > :23:53.today. Can she confirm what extra steps will be taken to monitor

:23:54. > :23:56.reports of hate crime across the country, and what immediately advise

:23:57. > :24:00.the Home Office is giving to the police in tackling such instances?

:24:01. > :24:04.Secondly, it is crucial that people know how to report it. Websites you

:24:05. > :24:08.mentioned is very welcome, but I would guess it is not widely known.

:24:09. > :24:14.What action will she take to increase awareness of it? And is

:24:15. > :24:19.there a case for some national advertising to promote it?

:24:20. > :24:25.Confidence to report hate crime will only be felt as people are confident

:24:26. > :24:32.action will be taken against it. People not always are. Can she

:24:33. > :24:35.encourage the House that the police will follow up every single report

:24:36. > :24:41.of hate crime, prosecute wherever possible, and ensure perpetrators

:24:42. > :24:43.peeled the full force of the law. Add to provide further reassurance,

:24:44. > :24:49.is the more the Government can say at this time to provide reassurance

:24:50. > :24:54.to people about the status of their immigration status at this time

:24:55. > :25:02.during negotiations with the European Union. And perhaps prevent

:25:03. > :25:08.some of the more ignorant comments on being made in the street.

:25:09. > :25:12.Finally, is now a case for a more proactive strategy to tackle far

:25:13. > :25:19.right racist extremism. Racist attacks have been on the rise for

:25:20. > :25:23.some time. Isn't it time to take their warnings much more seriously?

:25:24. > :25:26.Can the Minister tell the House whether security services are

:25:27. > :25:31.devoting sufficient resources and attention to this growing threat,

:25:32. > :25:36.and bushy as them to review it? Mr Speaker, it is only ten days since

:25:37. > :25:40.we lost our wonderful friend and colleague, Jo Cox. As the dust

:25:41. > :25:44.settles on this referendum, week continue to have the words of

:25:45. > :25:50.husbands Brendan and the whole point of our minds, that hatred does not

:25:51. > :25:56.have a read, race or religion, it is poisonous. Did she realise that the

:25:57. > :26:03.British public who voted for We did not vote for a intolerance, racist

:26:04. > :26:06.Britain. And both sides of this referendum campaign to make sure

:26:07. > :26:16.that Britain remains the open and welcome place is we know and love.

:26:17. > :26:18.Can I start by joining the right Honourable gentleman in condemning

:26:19. > :26:24.the attacks in Turkey yesterday. Can I also join him in agreeing with his

:26:25. > :26:27.first three points, that we do respect and must all respect the

:26:28. > :26:32.decision taken by the country last week. We do know need to heal those

:26:33. > :26:38.divisions, and we must take on that minority, and it is a very small

:26:39. > :26:41.minority of people that are perpetrating this evil, violence.

:26:42. > :26:47.But they are committing a crime. And I cannot repeat too many times, and

:26:48. > :26:53.not can any of us in this House, this is a crime that needs to be

:26:54. > :27:01.reported, and action will be taken. He talked about reports, and I've

:27:02. > :27:05.heard anecdotal reports of crimes in my own constituency, I have a

:27:06. > :27:11.long-standing policy community in my constituency, I have heard comments

:27:12. > :27:17.that are despicable and cannot be accepted in any way. I repeat, those

:27:18. > :27:21.crimes must be reported, because we cannot tackle this crime if we do

:27:22. > :27:26.not know the scale of it, and we do not know where it is happening. Can

:27:27. > :27:32.I also say that was an excellent response, he commented Mike

:27:33. > :27:41.response, I want a his response. It was excellent. He as when we will be

:27:42. > :27:46.reporting, Rick issuing the new hate crime plan, it will be shortly, but

:27:47. > :27:51.we do want to get it right. I hope you will understand. He asked about

:27:52. > :27:55.reporting, it is very welcome to see an increase in reporting of crimes.

:27:56. > :27:59.It is welcome to see an increasing conviction for his crimes. But we

:28:00. > :28:03.know these crimes are not being reported. I have make this point

:28:04. > :28:07.already, but I wish to reiterate - we need to have the crimes reported.

:28:08. > :28:13.We should welcome an increase in reporting, but we need to see more

:28:14. > :28:18.of it. And he is right, we want every single report to be

:28:19. > :28:23.investigated and taken seriously. I do want to confirm that there is no

:28:24. > :28:29.change in immigration status for anybody here in the United Kingdom,

:28:30. > :28:34.or any UK national living abroad. And he talked about the far right.

:28:35. > :28:37.Our work on hate crime is about all forms of hate crime, and that

:28:38. > :28:44.includes hate crime perpetrated by the far right. There may have been

:28:45. > :28:49.comments about taking back control, or taking back our country. I don't

:28:50. > :28:53.want to take back a country which accept this type of crime happening.

:28:54. > :29:02.That isn't the country I want to be part of. I will make comment about

:29:03. > :29:10.our colleague Jo Cox. She certainly had douche macro -- she said we have

:29:11. > :29:14.more in common, we certainly do. These events are sickening, and it

:29:15. > :29:18.is right that we condemn them wholeheartedly. But to find

:29:19. > :29:24.solutions, they had to be seen as a much broader increase in the last

:29:25. > :29:27.year of the increase in a piece of luggage and behaviour, much targeted

:29:28. > :29:34.at Muslim people and much of that at Muslim women. I think the Minster is

:29:35. > :29:38.doing an excellent job working across Government to tackle this.

:29:39. > :29:41.But does she agree with me that all of us macro here today, as

:29:42. > :29:47.constituency Members of Parliament, have to take responsibility to call

:29:48. > :29:52.out racism when we see it, to tackle it wholeheartedly, to make sure that

:29:53. > :29:57.no racism is accepted in our communities? Will she confirm today

:29:58. > :30:02.that she will be doing more to help the reporting of race crime through

:30:03. > :30:07.third-party organisations, so that we can really get a handle on the

:30:08. > :30:13.size of the problem in our own constituencies and communities?

:30:14. > :30:18.Mr Speaker, my right honourable friend makes so many important

:30:19. > :30:22.points which I agree with. We do need to make sure we see an increase

:30:23. > :30:28.in reporting. This is why we have insisted that hate crime,

:30:29. > :30:32.religiously motivated hate crime, the religion of the victim needs to

:30:33. > :30:38.be recorded, that so we do have that proper picture of what is happening.

:30:39. > :30:41.We do work closely with the community Security trust and other

:30:42. > :30:46.organisations to make sure that we promote that. Was a specific point

:30:47. > :30:53.the right honourable asked about the true vision website. I realise I

:30:54. > :30:55.didn't answer it. In the action plan, extra funding has been

:30:56. > :31:01.allocated and will be available to that website.

:31:02. > :31:04.Can I firstly associate myself with the comments of honourable members

:31:05. > :31:09.across this House and offer my sincere condolences to those

:31:10. > :31:16.affected by the tragic incident in Istanbul. Firstly, reports of a huge

:31:17. > :31:22.increase in racist abuse since the EU referendum are horrid and

:31:23. > :31:26.unacceptable. We have witnessed a 57% rise in xenophobic attacks in

:31:27. > :31:32.the last week. In the wake of particularly vicious anti-immigrant

:31:33. > :31:36.rhetoric of the EU referendum, it has been forgotten that these people

:31:37. > :31:40.are friends and neighbours, and are positive contributors to our

:31:41. > :31:43.society. And in the case of refugees, are people who have come

:31:44. > :31:48.here to submit make better of their lives and the lives of their

:31:49. > :31:54.children. Depictions of swarms, of waves, of immigrants are dangerous,

:31:55. > :31:58.incorrect, and absolutely wrong. The SNP rejects the tone and rhetoric

:31:59. > :32:01.but the debate on immigration and injuring the lead up to the

:32:02. > :32:05.referendum. Instead, we as a party believe that immigration is

:32:06. > :32:12.essential to the strength of economy and our cultural fabric. Promoting

:32:13. > :32:16.tolerance, respect and inclusion, these are values and principles we

:32:17. > :32:19.must foster in a modern and inclusive society. These are the

:32:20. > :32:26.values we are working towards encouraging in Scotland. While this

:32:27. > :32:30.UK Government -- will this UK Government get a grip and follow the

:32:31. > :32:35.example of the First Minister Scotland, the Mayor of London, and

:32:36. > :32:38.make statements directly to citizens of other European countries living

:32:39. > :32:47.here and tell them that they remain welcome here, the UK is a home, and

:32:48. > :32:56.their contributions are valued? Mr Speaker, I... I truly believe

:32:57. > :32:59.that the vast, vast majority of people who voted last week, no

:33:00. > :33:08.matter which way they voted, it did so for the right reasons. And I am

:33:09. > :33:11.sure that the vast majority will be horrified by the deeds of some

:33:12. > :33:16.claiming that they are doing this end their name. They quite something

:33:17. > :33:23.not, it is abhorrent absolutely despicable. We will do everything we

:33:24. > :33:29.can as a Government to make sure that we get hate crime reporting up

:33:30. > :33:33.and we get hate crime investigated properly and appropriately so that

:33:34. > :33:39.victims get the support that they need. I will repeat, she asked about

:33:40. > :33:43.people living in this country, I repeat the point I made earlier,

:33:44. > :33:47.there is no change to any immigration status for anybody in

:33:48. > :33:51.this country. I for one welcome people who are here to contribute

:33:52. > :33:56.and be part of our society and share my values, and want to be part of

:33:57. > :34:00.this country. Before I became a member of this

:34:01. > :34:06.has, I was leader of Bradford Council, so I was familiar with

:34:07. > :34:11.walking streets with councillors of other political parties and with the

:34:12. > :34:14.police but no certainty that they would be there the following day. I

:34:15. > :34:24.never believed I would ever receive a telephone call in Bradford or

:34:25. > :34:29.somebody frightens of their kids being bullied at school. Unless we

:34:30. > :34:37.take action, now, this will eat us alive from the inside. And we do

:34:38. > :34:40.know, in terms of dealing with anti-Semitism and dealing with

:34:41. > :34:50.people against Muslims, that we do need to have a working definition

:34:51. > :34:54.and an understanding. We have a good policy in terms of anti-Semitism,

:34:55. > :35:00.adopted by the police last month, adopted by many countries in

:35:01. > :35:04.remembrance of Holocaust of drivers, we need to make sure that a person

:35:05. > :35:10.going to the police station is great received sympathy. And the most

:35:11. > :35:14.important thing is that prosecutions have to happen. People need to

:35:15. > :35:21.understand that hate crime is a crime.

:35:22. > :35:26.My right honourable friend who has Secretary of State did an enormous

:35:27. > :35:30.amount of work in this area and speaks with great authority, he

:35:31. > :35:36.makes an incredibly important point and I agree with him. We need to see

:35:37. > :35:40.prosecutions increase. We started from a very low base in terms of

:35:41. > :35:45.reporting and prosecuting and successful conviction. We are

:35:46. > :35:52.improving but there is still a long way to go. Could I welcome the

:35:53. > :35:56.Minister's statement can be measured way in which she put her programme

:35:57. > :36:01.forward which I think is the right approach which we should adopt the

:36:02. > :36:05.home affairs committee will meet today and discuss some of these

:36:06. > :36:08.matters to see whether we can enquire into the activities of the

:36:09. > :36:13.far right. Can she tell me how many people have actually been arrested

:36:14. > :36:19.and charged? She mentioned an increase in the number of people

:36:20. > :36:25.reported. As the consistency between police forces? Some will be more

:36:26. > :36:28.experienced than others. What are we doing about Internet companies and

:36:29. > :36:34.their failure to take down tweets that are racist and tweets that

:36:35. > :36:43.ensure people commit these crimes? They are simply not doing enough.

:36:44. > :36:47.The right honourable gentleman asks some detailed technical points, some

:36:48. > :36:52.of which will be for police forces to gather the information, but

:36:53. > :36:58.perhaps if he allows me I will write to him with specific details. His

:36:59. > :37:02.point about Internet companies is incredibly important. We have worked

:37:03. > :37:08.with Internet companies with regard to indecent images of children

:37:09. > :37:12.online. I want to pay tribute to the Internet providers for the work they

:37:13. > :37:21.have done but we simply have not done enough yet, companies and

:37:22. > :37:25.individuals, and we say what is illegal off-line is illegal online

:37:26. > :37:27.but we need those companies and businesses to take responsibilities

:37:28. > :37:31.for the actions of some of those people be allowed to appear

:37:32. > :37:39.anonymously and get away with saying things that are unacceptable. Like

:37:40. > :37:45.many, I am saddened by the recent events and would like to say that

:37:46. > :37:50.Derby is a wonderfully diverse city and I would like to ask the Minister

:37:51. > :37:53.what assurances she can give me that this is being taken into account to

:37:54. > :38:00.protect these minorities and embrace these cultures? I would absolutely

:38:01. > :38:05.agree that Derby is a wonderful city, and not living too far away I

:38:06. > :38:10.get the pleasure of visiting not as frequently as I would like but it is

:38:11. > :38:13.a wonderfully diverse and great city. We are working with

:38:14. > :38:19.communities to ensure that point. The is no one size fits all solution

:38:20. > :38:26.but we need to work with communities and police forces for the right

:38:27. > :38:33.response. Many members will be aware that my constituency sits right next

:38:34. > :38:38.door to Batley and Spen. Yesterday, people in my constituency received a

:38:39. > :38:42.leaflet from the BNP saying Jo Cox took a misguided action by helping

:38:43. > :38:52.Muslims in the country who may now go on to join Isis alongside other

:38:53. > :38:55.horrendous allegations. I then received a significant number of

:38:56. > :39:00.communications from constituents, a seven-year-old Muslim ghetto was

:39:01. > :39:07.told on Friday, and I have removed the expletives, it was the best day

:39:08. > :39:12.ever, go home all of you. I have received a number of similar

:39:13. > :39:20.incidents. I am proud to be British but also proud to be the daughter of

:39:21. > :39:24.a mother who is half Polish. On Monday I asked the Prime Minister

:39:25. > :39:26.about establishing a cross-party commission for investigating hate

:39:27. > :39:37.crimes because the time to act is now. I am shocked by what the

:39:38. > :39:47.honourable lady says. That is utterly unacceptable. I would like

:39:48. > :39:50.to meet her, if she would allow, and perhaps she would discuss a specific

:39:51. > :39:54.action being taken and ensure that any crimes such as those are

:39:55. > :40:04.reported and action taken against them. He racist attack on anyone is

:40:05. > :40:12.an attack on all of us. And on all that makes this a great country.

:40:13. > :40:16.What more can be done following on from the right honourable

:40:17. > :40:22.gentleman's comments? What more can be done to make sure that Facebook

:40:23. > :40:28.and Twitter and other social media player they are large and active

:40:29. > :40:34.part? They are huge international companies that spend lots of money

:40:35. > :40:37.on PR and lobbying. Their primary responsibility at this time is to

:40:38. > :40:44.tackle hate crime. They need to be part of the solution. I agree with

:40:45. > :40:53.everything my honourable friend has said. Like many members I have

:40:54. > :40:57.campaigned in different parts of the world over the years against the

:40:58. > :41:03.abuses of human rights. We have been able to do that because Britain is

:41:04. > :41:07.seen across the globe as a tolerant, liberal community which has always

:41:08. > :41:14.been prepared to protect all parts of our peoples. Does she share my

:41:15. > :41:17.horror that we should find ourselves in a position today where the United

:41:18. > :41:23.Nations High Commissioner for human rights finds it necessary to urge

:41:24. > :41:27.others to act on this? These people are eating away at the fabric of our

:41:28. > :41:33.community from the inside but they also risk diminishing our standing

:41:34. > :41:37.on the world stage. That is why the Minister is right to act in the way

:41:38. > :41:42.she does, but government alone cannot do this. She needs to work

:41:43. > :41:46.with local authorities, civic groups and voluntary organisations to

:41:47. > :41:52.ensure we build the broadest possible coalition against hatred.

:41:53. > :41:55.The right honourable gentleman is right this cannot be solved by

:41:56. > :42:02.government alone but something we all have to act on. The action plan

:42:03. > :42:08.we are working on is a cross government plan but it is across all

:42:09. > :42:14.sectors and all parts of society including civil society, local

:42:15. > :42:18.government and other agencies. As a member of the women and equality

:42:19. > :42:26.select committee I welcome the comments this afternoon, the member

:42:27. > :42:28.from Basingstoke, and I welcome the Minister's important statement. It

:42:29. > :42:35.is absolutely right we do not follow this behaviour to be ignored. It is

:42:36. > :42:39.wrong, pure and simple, and there are no excuses. Can the Minister

:42:40. > :42:45.confirm anybody using the referendum as an excuse to commit hate crime

:42:46. > :42:50.will be made an example of? There will be no hiding spaces, whether

:42:51. > :42:57.online or in workplaces or around religious places of worship? I

:42:58. > :43:07.absolutely agree, there is no excuse for this behaviour at all. As I said

:43:08. > :43:12.early, I know the good, hard-working British people who voted will want

:43:13. > :43:20.nothing to do with this behaviour and certainly will not wanted used

:43:21. > :43:27.as an excuse for it? As you know I have tied thrice to get an urgent

:43:28. > :43:31.question. Would the Minister agree that the scenes of hatred and anger

:43:32. > :43:36.that we are seeing in our country are as a result of the racist,

:43:37. > :43:44.xenophobic and anti-immigration Brexit campaign, and print media

:43:45. > :43:49.such as the Daily Mail, the express and the sun, who over the years have

:43:50. > :43:57.blamed migrant communities for all the problems in our country, and

:43:58. > :44:00.this level of hatred and nastiness towards immigrant communities is

:44:01. > :44:05.what is leading to some of the things happening? Can I therefore

:44:06. > :44:12.ask what will be done to address this type of press coverage, and

:44:13. > :44:17.also, some of the politicians in our country should take responsibility,

:44:18. > :44:23.such as Nigel Farage and the honourable members for Surrey and

:44:24. > :44:28.Oxbridge, who in their campaign would absolutely disgraceful. I

:44:29. > :44:34.greatly respect what the honourable lady has said so I hope she will not

:44:35. > :44:40.be affronted, but it is quite important for the future to be had

:44:41. > :44:42.in mind that we don't refer to unsuccessful applications on the

:44:43. > :44:47.floor of the House and there are very good reasons for that, but I

:44:48. > :44:51.absolutely understand the strength of feeling and considerable

:44:52. > :44:59.knowledge the honourable lady brings to beer. And as some colleagues

:45:00. > :45:01.might know, I indicated to the government it would be helpful today

:45:02. > :45:07.if there would be a ministerial statement on that matter, and I hope

:45:08. > :45:19.the House feels this is a proper exchange under the circumstances.

:45:20. > :45:25.Thank you. We all need to reflect on what happened during the referendum

:45:26. > :45:29.campaign. The result was decisive and we need to respect that result

:45:30. > :45:35.but we should all take a step back and look at what happened and how

:45:36. > :45:39.that campaign was conducted. Can I commend the final sentence of the

:45:40. > :45:42.Minister's statement when she said that we should ensure all those who

:45:43. > :45:49.seek to spread hatred are dealt robustly with by the police and

:45:50. > :45:54.court? An example of a hate crime recently prosecuted in my

:45:55. > :45:58.constituency, and mental health services need to be involved in the

:45:59. > :46:10.period following prosecution if the offending is not to occur.

:46:11. > :46:24.My honourable friend makes a very good point. He is right and I can

:46:25. > :46:26.assure him that we work with mental health specialists and clinicians to

:46:27. > :46:34.make sure there's involvement at all stages. He is right that vulnerable

:46:35. > :46:39.people may misinterpret and misunderstand, and we are all too

:46:40. > :46:48.aware of what the results of that can be. Can I just say that in

:46:49. > :46:53.Birmingham what we are trying to do to deal with these horrific

:46:54. > :46:56.instances that are taking place, if I am coordinating with my colleagues

:46:57. > :47:02.in Birmingham to get the leader of the council, the police Chief

:47:03. > :47:07.Constable and the PCC to come together to deal with these issues.

:47:08. > :47:11.Would she look at issuing guidance to ensure this happens so we can

:47:12. > :47:18.respond to these and deal with the US use as they arise across

:47:19. > :47:23.communities? The decisions about operational policing are matters for

:47:24. > :47:30.chief constables working with Police and Crime Commissioner is, but the

:47:31. > :47:34.example he has Kevin is a good one. Can I congratulate and commend the

:47:35. > :47:39.Minister for not using the word tolerance? I have never thought that

:47:40. > :47:45.on this issue to tolerate people ever goes far enough. We don't have

:47:46. > :47:50.threshold to which we will put up and goes no further so can I thank

:47:51. > :47:57.her for that. Can I encourage her not to have it in the hate crime

:47:58. > :47:59.action plan, but on a day where we saw the scenes outside Parliament

:48:00. > :48:04.last night where there was only positive coverage for what I believe

:48:05. > :48:10.was hate filled chants shows we have an awful long way to go. On a day

:48:11. > :48:15.when colleagues in the Labour Party are getting significant pressure and

:48:16. > :48:19.threats and intimidation because of internal politics, it shows this is

:48:20. > :48:24.not just about the far right, but there's a far left. They've is

:48:25. > :48:30.racism and anti-Semitism and myriad threats to the dangers put back

:48:31. > :48:35.stability of culture and society in this United Kingdom. The honourable

:48:36. > :48:43.gentleman mix some powerful points and they agree with much of what he

:48:44. > :48:50.has said, and it is right. I am not Twitter now and I decided I didn't

:48:51. > :48:58.want to listen to this nonsense. I will go through and check for that

:48:59. > :49:04.point. I welcome the Minister's statement. I come at it from a point

:49:05. > :49:09.of view of having had years of disappointing correlation between

:49:10. > :49:12.those who report and those who receive convection and I wonder

:49:13. > :49:18.whether the Minister can outline for is exactly what resources will be

:49:19. > :49:22.put into the CPS, because as it currently stands really is no way

:49:23. > :49:26.that all of those incidents we are talking about will ever even see the

:49:27. > :49:31.light of day with the CPS under current resources and structure.

:49:32. > :49:34.Also, what support will be given to people in order to find their way

:49:35. > :49:40.through those legal systems, because at the moment, what we are at risk

:49:41. > :49:51.of doing is opening an enormous door onto an empty room. The honourable

:49:52. > :49:55.lady I know has experienced far more than her share of abuse online, and

:49:56. > :50:00.she is a style worked for standing up and being there and still being

:50:01. > :50:05.Twitter. I am not quite sure why she is! I spoke to the Solicitor General

:50:06. > :50:12.before I came into this statement to make sure he heard exactly that

:50:13. > :50:16.point. The CPS really needs to take this seriously and we need to see

:50:17. > :50:17.prosecutions and convictions. It is very important people are punished

:50:18. > :50:26.for these crimes. In the statement and her very clear

:50:27. > :50:31.commitment to do all she can to crack down on this appalling a

:50:32. > :50:37.crime. There was a report that said real terms of funding police forces

:50:38. > :50:40.has been reduced by an average 18% from 2015. The same report noted

:50:41. > :50:44.that the department does not have good enough information to work out

:50:45. > :50:50.by how much it can reduce funding without degrading services. Can I

:50:51. > :50:54.ask Eric did you know how many services to support victims of hate

:50:55. > :51:00.crime higher at risk of being lost have already been lost, and what can

:51:01. > :51:07.she do to remedy that? The prevalence of hate crime is not

:51:08. > :51:12.on an upward trend. The prevalence, according to the crime survey, as on

:51:13. > :51:17.a stable or downward trend depending on the type of hate crime. What's we

:51:18. > :51:22.do see more certain types of hate crime, and were seen more reporting

:51:23. > :51:26.of hate crime. The reporting of hate crime and prosecutions of hate crime

:51:27. > :51:29.are to be welcomed, we need to see more reporting - I am very clear,

:51:30. > :51:33.the difference between prevalence and reporting is still a very big

:51:34. > :51:38.gap, we need to make sure there is more reporting. In terms of services

:51:39. > :51:42.to victims, hate crime action plan has very specific measures on

:51:43. > :51:49.victims, and hope she will come back to it when it is released and we can

:51:50. > :51:55.discuss it then perhaps. And in centric device was thrown

:51:56. > :51:59.into a halal butchers shop in my constituency. There is a photograph

:52:00. > :52:04.in the Guardian today the inside of the shop. Can the Minister confirm

:52:05. > :52:08.how much extra funding will be available for local police forces so

:52:09. > :52:13.that they can investigate and tackle these crimes?

:52:14. > :52:19.Again, another shocking example. I dread to think how many of us do

:52:20. > :52:23.know of anecdotal of this kind of incident. I do hope that it has been

:52:24. > :52:30.reported and I look forward to hearing from her about the outcome

:52:31. > :52:33.of that. In terms of funding, etc, perhaps we could come back to this

:52:34. > :52:41.when the hate crime action plan has been published.

:52:42. > :52:46.I was with North Wales Police on night shift last weekend. It was

:52:47. > :52:49.made evident to me that people from ethnic minorities - and I would

:52:50. > :52:55.emphasise this is not anecdotal - they are often afraid to report hate

:52:56. > :53:00.crime. I am sure we are united in praising the courage of those who

:53:01. > :53:03.call out racial hatred. I welcome third-party reporting centres in the

:53:04. > :53:08.hate crime action plan, and would like to ask where and when will this

:53:09. > :53:12.be? Whether the accessible to all amenities, as racism is not a risk

:53:13. > :53:17.to some of our society, but I criticised it as a whole?

:53:18. > :53:20.There are various ways in which hate crime can be reported and are

:53:21. > :53:26.available to all communities. But the true vision site is a place that

:53:27. > :53:29.people can go to without fear. It is not like walking into police station

:53:30. > :53:34.are making a call. There will be additional funding for it.

:53:35. > :53:41.As someone who grew up experiencing some considerable racism and

:53:42. > :53:46.Islamophobia, I am utterly shocked by what we see. My parents'

:53:47. > :53:52.generation are even more shocked and second, could because they thought

:53:53. > :53:56.we had conquered that level of racism. -- second. Does she agree

:53:57. > :54:01.with me that some other national leaders have been absolutely

:54:02. > :54:07.disgraced in playing the anti-immigration card. We need to

:54:08. > :54:11.have a conference was our political leaders to make sure that will not

:54:12. > :54:12.happen again in the future. Politicians need to take

:54:13. > :54:18.responsibility when they have acted irresponsibly. Secondly, British

:54:19. > :54:23.forests and other far right organisations have, even before the

:54:24. > :54:26.referendum, and in the run-up to the campaign, targeted constituencies

:54:27. > :54:31.like mine, masks and other institutions in acts of Prosser but

:54:32. > :54:40.provocation to wilfully cause disorder. And as a lack of order

:54:41. > :54:42.police services and ineptitude in legal provision to tackle these

:54:43. > :54:46.hateful groups but trying to start up intolerance and violence in our

:54:47. > :54:52.communities. Would you take action immediately. And also insist that

:54:53. > :55:00.the Prime Minister leads this debate and make sure that we actually step

:55:01. > :55:05.up to the plate? Mr Speaker, I agree with horror. We

:55:06. > :55:09.all thought this was something we had left behind us. It is shocking

:55:10. > :55:14.that that has proved not to be the case. I agree with horror that, as

:55:15. > :55:18.politicians, we all have the responsibility to be measured and

:55:19. > :55:23.responsible in our language and in what we say and the actions we take.

:55:24. > :55:27.We must never, ever try and picked one race against another, when

:55:28. > :55:33.gender against the other, when sexuality against the other, that is

:55:34. > :55:42.utterly irresponsible. She asked about the far right extremism in her

:55:43. > :55:45.constituency. Our counter extremism strategies have specific measures to

:55:46. > :55:50.deal with the extremism of all forms. I think people looked at the

:55:51. > :55:54.counter extremism strategy and thought it was just about Islamic

:55:55. > :55:58.extremism, it is not, it is about all forms of extremism. Including

:55:59. > :56:08.neo-Nazi and far higher right extremism as well. I hope the people

:56:09. > :56:17.going to consult with on the Bill will address that.

:56:18. > :56:28.The attendance at Westminster includes some of the deepest breadth

:56:29. > :56:31.of races and European Community is. We have people reporting their

:56:32. > :56:36.fears. We know from the report mentioned earlier today that 61% of

:56:37. > :56:41.the victims of hate crimes are women. With the hate crimes report

:56:42. > :56:45.include a specific reference to how we can identify and support women

:56:46. > :56:50.who are targets of hate crime and ensure that they are reporting all

:56:51. > :56:55.of the incidents that are occurring to them?

:56:56. > :56:58.The honourable lady makes a good point, I can confirm that the hate

:56:59. > :57:02.crime action plan looks all victims to make sure that there are specific

:57:03. > :57:08.support and measures in place for them.

:57:09. > :57:12.I have spoken to the South Wales Police and Crime Commissioner this

:57:13. > :57:16.morning about how we respond to some of the incidents that I regretfully

:57:17. > :57:20.spoke to the chamber about the other day. Will the Minister make

:57:21. > :57:25.absolutely clear there is no hierarchy of hate crime, whether it

:57:26. > :57:29.is against Jews, Muslims, Hindus, gays, straight, men or women,

:57:30. > :57:31.weather comes from the far rate or indeed the far left, it is the same

:57:32. > :57:39.thing can have the same consequences. We do not stand for

:57:40. > :57:43.it, we must take action. And we make sure that those who condone or

:57:44. > :57:49.encourage it, wherever they come from, must also take responsible to?

:57:50. > :57:53.I absolutely agree with him. We have just come out of a fortnight

:57:54. > :57:56.in Scotland celebrating the contribution of refugees to our

:57:57. > :57:59.society. It was a wonderful celebration which we can be proud

:58:00. > :58:04.of. Was he joined me in condemning those people who are affixed

:58:05. > :58:14.neo-Nazi, racist and homophobic stickers in Glasgow city centre?

:58:15. > :58:22.I do join her in condemning that behaviour.

:58:23. > :58:30.The Polish cultural centre in Hammersmith has received hundreds of

:58:31. > :58:35.supporters cards and e-mails following the events of last

:58:36. > :58:40.weekend. Particularly nearby children from primary schools turned

:58:41. > :58:47.up en masse to show their solidarity. Will the secretary of

:58:48. > :58:58.state echoed the message left by the mother of the children, we love you,

:58:59. > :59:03.yay, the Polish! There are legion British people who embrace

:59:04. > :59:06.immigrants communities? I absolutely agree with him, he

:59:07. > :59:12.makes a very good point. This feels like one of those where were all the

:59:13. > :59:16.green, that's great! I have to tell him my right arm row friend sitting

:59:17. > :59:18.next to me has mentioned that this may be the first time he is in full

:59:19. > :59:26.agreement with the honourable gentleman!

:59:27. > :59:29.Hate crime has been suddenly growing for a number of years, and it does

:59:30. > :59:35.seem that for a small minority of people on the fringes, the aspects

:59:36. > :59:43.of the referendum campaign have legitimised some pretty repugnant

:59:44. > :59:48.and approaches views. -- atrocious views on the Minister say a bit more

:59:49. > :59:51.about what the Government is doing to provide confidence measures

:59:52. > :59:55.within those communities that are feeling bruised right now. It is

:59:56. > :00:00.important we do build confidence amongst those people, so that they

:00:01. > :00:05.understand that they have a role, a vital role to play in British

:00:06. > :00:08.society? The honourable gentleman is absolute

:00:09. > :00:14.right, they all have a valuable role to play in British society. I think

:00:15. > :00:22.he also referred to something that I think is one of the phenomena we see

:00:23. > :00:25.online, that online can be anonymous, but is also socialising

:00:26. > :00:30.and normalising of behaviour that would never be acceptable in any

:00:31. > :00:34.other form. And we need to fight back against that and make it clear,

:00:35. > :00:41.this is a normal, it is certainly not something that should be

:00:42. > :00:46.accepted. I'm very pleased to see the minister

:00:47. > :00:50.recognised importance of training and the joint strategy between the

:00:51. > :00:55.CPS and police. As a former consul I can tell my experience was very poor

:00:56. > :00:59.of training around these areas. Can I suggest you bring in an external

:01:00. > :01:02.organisation to look at the training that is put in place, and

:01:03. > :01:07.investigate how seriously they may take less?

:01:08. > :01:11.I wonder if the honourable lady would be willing to meet me and

:01:12. > :01:14.discuss her personal experience of this, because I would like to hear

:01:15. > :01:21.what is going on underground as much as she would probably like to tell

:01:22. > :01:26.me. Last weekend, my neighbour, a mum of

:01:27. > :01:31.two, and a woman of Caribbean heritage, tell me she felt homeless

:01:32. > :01:37.following the results of the referendum last week. Can the

:01:38. > :01:42.Minister tell me what specific resources will be available to the

:01:43. > :01:46.Metropolitan Police to engage with those communities experiencing a

:01:47. > :01:51.rise in hate crime? And will she agree with me at all of us must do

:01:52. > :01:55.absolutely everything we can to ensure that children in places like

:01:56. > :02:03.Lewisham can grow up in a country which is respectful and inclusive?

:02:04. > :02:06.Is she'll forgive me, could I write her with the specifics of what is

:02:07. > :02:13.happening within the Metropolitan Police? We labour and many police

:02:14. > :02:18.forces, and I don't want to provide information that is not strictly

:02:19. > :02:23.accurate and correct. I do agree with her on her points, this is a

:02:24. > :02:29.great country, I'm incredibly proud of being British, it is going to

:02:30. > :02:32.continue to be a great country, irrespective of the referendum

:02:33. > :02:38.results. But like the country I'm part of that is not a country that

:02:39. > :02:43.except this type of behaviour. I'm extremely grateful to the

:02:44. > :02:48.Minister for her statement to colleagues for what they have said.

:02:49. > :02:54.Point of order? On page 49 of Erskine May, it refers

:02:55. > :02:58.to the official opposition as the largest minority party which is

:02:59. > :03:03.prepared, in the event of the resignation of Government, to issue

:03:04. > :03:08.power. Mr Speaker, the current opposition has lost two thirds of

:03:09. > :03:12.its shadow cabinets, as leader and what into the front bench no longer

:03:13. > :03:18.command the confidence of the majority of its backbench. It is

:03:19. > :03:22.clearly in no shape to issue power and unable to meet these key

:03:23. > :03:27.responsibilities and obligations as outlined in Erskine May. Mrs Baker,

:03:28. > :03:31.given these obvious failings, what steps will now have to be taken to

:03:32. > :03:34.have this official opposition replaced with one that can meet the

:03:35. > :03:41.responsibilities that are set out very clearly in Erskine May?

:03:42. > :03:45.I am familiar with Erskine May on this matter, as the honourable

:03:46. > :03:50.gentleman would expect. And I am genuinely grateful to him for giving

:03:51. > :03:57.me notice of his point of order. I can confirm that the Labour Party

:03:58. > :04:05.currently constitute the official opposition, and that it leader is

:04:06. > :04:11.recognise by me for statutory and parliamentary purposes as the Leader

:04:12. > :04:17.of the Opposition. He will have noticed that I called the Leader of

:04:18. > :04:19.the Opposition earlier to ask a series of questions to the Prime

:04:20. > :04:26.Minister. The honourable gentleman will also be aware that today we

:04:27. > :04:30.have opposition business, duly chosen by the Leader of the

:04:31. > :04:38.Opposition as indicated on the order paper. I should perhaps add that in

:04:39. > :04:44.making these judgments, and pronouncing in response to points of

:04:45. > :04:49.order, I do give, and have given, thought to the matter, and I have

:04:50. > :04:54.also benefited from expert advice. These matters are not broached

:04:55. > :04:58.lightly. I understand the vantage point from which the honourable

:04:59. > :05:04.gentleman speaks, but he raised the question, and I have today given him

:05:05. > :05:15.the answer. We'll leave it there for now. If there are no further points

:05:16. > :05:22.of order, we will shortly be moving on to presentations of bills. When I

:05:23. > :05:32.have left the chair and been replaced.

:05:33. > :05:54.We now come to presentation of bills. Mr John Nicholson. Sections

:05:55. > :06:06.offences pardons bill. Second reading what they? 21st October. Mr

:06:07. > :06:12.Bob Blackman. Homelessness reduction bill. Second reading what they?

:06:13. > :06:26.Friday 28th October. National minimum wage workplace

:06:27. > :06:40.internship Bill. Second reading what they? Friday 4th of November. Pat

:06:41. > :06:52.Glass. Parliamentary constituencies Amendment Bill. Second reading what

:06:53. > :07:02.they? 18th of November. On behalf of of Gareth Johnson. Awards for valour

:07:03. > :07:16.protection Bill. Second reading, what day? . 25th November.

:07:17. > :07:19.Benefit claimants sanctions required assessment Bill. Second reading,

:07:20. > :07:35.what day?. Second December. Preventing and combating violence

:07:36. > :07:39.against women and domestic violence ratification of Convention Bill.

:07:40. > :07:50.Second reading, what day?. 16th of December.

:07:51. > :07:55.Families with children and young people in debt risk Bill. Second

:07:56. > :08:11.reading, what day? 28th October. Registration of marriage bill.

:08:12. > :08:24.Second reading, what day? 21st October. James Morris. Assets of

:08:25. > :08:36.community value Bill. Second reading, what day? 25th November.

:08:37. > :08:39.Roger Mullin. Double taxation treaties, developing countries Bill.

:08:40. > :08:50.Second reading, what day? 16th of December.

:08:51. > :09:07.Farriers registration Bill. Second reading, what day? 13th of January

:09:08. > :09:10.20 16. -- 2017. Parking places aviation of charges Bill. Second

:09:11. > :09:28.reading, what day? 25th November. Disability equality training, taxi

:09:29. > :09:31.and private hire a vehicle drivers Bill. Second reading, what day?

:09:32. > :09:47.Radiating is November. Gang masters licensing and labour

:09:48. > :10:01.use authority Bill. Second reading, what day? Fourth November.

:10:02. > :10:04.International trade and investment NHS protection Bill. Second reading,

:10:05. > :10:16.what day? Second December. Kew Gardens leases Bill. Second

:10:17. > :10:36.reading, what day? 18th of November. Merchant shipping homosexual conduct

:10:37. > :10:50.Bill. Second reading, what day? 20th January.

:10:51. > :10:54.Counterterrorism and security act 2015 Amendment Bill. Second reading,

:10:55. > :11:11.what day? 27th of January. Child poverty in the UK, target for

:11:12. > :11:25.a reduction Bill. Second reading, what day? Third February, 2017.

:11:26. > :11:37.Order. We now come to the opposition Day motion in the name of the Leader

:11:38. > :11:42.of the Opposition. I call Mr John McDonnell to move the motion.

:11:43. > :11:56.Calm down. Can I first of all welcome the chance or's presents to

:11:57. > :11:59.the House. I have been critical of his nonattendance in recent debates,

:12:00. > :12:06.but I have to say, this is the one day I thought he might be too busy

:12:07. > :12:13.elsewhere. Can I also say, I commend his financial secretary who over the

:12:14. > :12:16.last few days, in excruciating pain with his bad back, has dealt

:12:17. > :12:23.competently and courteously with the Finance Bill. In this role at times,

:12:24. > :12:39.sometimes we all have to watch your backs. OK, although, Madam Deputy

:12:40. > :12:44.Speaker, this is an opposition day debate, to be frank, this is no time

:12:45. > :12:46.for partisan ship and party political game playing when the

:12:47. > :12:52.country is facing such serious challenges. Let me suggest the tone

:12:53. > :12:59.of this debate should be one of honest critique but constructive

:13:00. > :13:02.engagement. Yes, we have to be honest in our assessment of the

:13:03. > :13:07.economy but constructive and there are questioning and also on our

:13:08. > :13:14.proposals for the future. The country will expect us all to work

:13:15. > :13:15.together, not uncritically but cooperatively and times of

:13:16. > :13:22.unprecedented political and economic turmoil. The honourable gentleman

:13:23. > :13:26.talks about critically and uncritically but the criticism I

:13:27. > :13:31.have visit seems to me a fact that the Chancellor promised an emergency

:13:32. > :13:35.budget the referendum. He lost on that because there will be no of

:13:36. > :13:40.urgency budget. Thinking back to Scotland, given he'd lost once, I

:13:41. > :13:50.think you've lost on the pound in Scotland. How would he answer that?

:13:51. > :13:54.To be frank, we need to move on. I expressed my concerns about some of

:13:55. > :14:00.the over exaggerated claims at the beginning of the campaign that turns

:14:01. > :14:02.people off. We now know that many of the claims made on both sides

:14:03. > :14:12.unfortunately are coming through tonight. The Leave vote has left us

:14:13. > :14:17.all with an immense... If I can press on, has left us with an

:14:18. > :14:21.immense series of tasks and the economic situation alone is a major

:14:22. > :14:29.challenge for us all. I will come back to you. Can I go through some

:14:30. > :14:33.of the headlines we know about. The triple-A credit rating of the UK has

:14:34. > :14:43.been lost, the pound fell to a 31 year low, the FTSE 100 index

:14:44. > :14:49.registered the biggest single day fall since 2008, employers most

:14:50. > :14:56.notably in the financial services are already looking to relocate

:14:57. > :15:01.jobs, and a quarter of all those employers have introduced a hiring

:15:02. > :15:05.freeze, share prices have fallen dramatically, and this is just an

:15:06. > :15:11.outline of the situation as it stands. Will he welcomed the fact

:15:12. > :15:16.that the bond markets that the opposite of what the ratings agency

:15:17. > :15:21.suggested? They suggested the cost of state borrowing should go up but

:15:22. > :15:25.I am pleased to tell him that the opposite happened, bonds are at an

:15:26. > :15:29.all-time high and we have record lows of borrowing costs. Doesn't

:15:30. > :15:35.this prove the market has had a huge vote of confidence? It proves the

:15:36. > :15:41.chaotic nature of the market at the moment. Can a look ahead, most major

:15:42. > :15:49.forecasters have revised forecasts of growth sharply down words. There

:15:50. > :15:53.is a major growth -- damage to growth, and we will wait as the

:15:54. > :15:59.Chancellor announced in his Monday morning statement, on an official

:16:00. > :16:07.statement from the budget for fiscal responsibility. Ongoing close

:16:08. > :16:12.monitoring would be welcome and regular reports to Parliament to

:16:13. > :16:14.ensure that. They arrest the prospect that the OBE or will report

:16:15. > :16:20.a serious worsening in public finance. What assessment has my

:16:21. > :16:24.honourable friend made of the Chancellor's statement a couple of

:16:25. > :16:30.days ago when he said taxes may have to go up and there might have to be

:16:31. > :16:34.further cuts? Isn't this further austerity only British people? Let

:16:35. > :16:42.me come to that later in the speech because I want to deal with the

:16:43. > :16:47.statement on Monday. It is essential in a situation like this that we

:16:48. > :16:51.introduce some clarity. It is great uncertainty on the part of those

:16:52. > :16:56.feeling for their jobs and for the volatility of the financial markets

:16:57. > :16:59.of the last few days. It is for the whole house to secure some clarity

:17:00. > :17:05.and a clear sense of direction. I want to clarify why the referendum

:17:06. > :17:10.result has led to the situation. There were warnings a vote to leave

:17:11. > :17:16.would lead to this shock. Economic forecasting is never an exact

:17:17. > :17:22.science but any forecaster with credibility pointed to some shot

:17:23. > :17:28.from a Leave vote. These warnings should have been heeded. I believe

:17:29. > :17:31.it was responsible for those campaigning for Leave not just to

:17:32. > :17:41.gloss over them but to make the claim that a Leave vote would lead

:17:42. > :17:44.to positivity. The shock is significant and could worsen. We

:17:45. > :17:47.welcome the commitment from the Governor of the Bank of England to

:17:48. > :17:53.take steps to extend the core liquidity to banks and prepare for

:17:54. > :18:00.further measures. We welcome the statement from the Chancellor, that

:18:01. > :18:04.he has been in urgent consultation over the weekend with those in the

:18:05. > :18:09.financial industry, and we will support measures to stabilise the

:18:10. > :18:16.market and dampen volatility, but with the firm caveat that these

:18:17. > :18:20.measures should not impose costs on households and small businesses.

:18:21. > :18:25.Despite earlier statements the Chancellor has ruled out his

:18:26. > :18:32.previous emergency budget until the fiscal position is made clear. This

:18:33. > :18:36.is to be strongly welcomed. To move forward we need to be honest about

:18:37. > :18:42.assessment of the current situation to ensure the correct remedies are

:18:43. > :18:50.agreed on in the future. We do not share the Chancellor's assessment of

:18:51. > :18:55.the brother economic fixture. His view realised triviality and the

:18:56. > :19:06.Leave vote is having a greater impact because the roof hasn't been

:19:07. > :19:10.fixed. I thank him for giving way and I agree with the way he has

:19:11. > :19:16.approached the debate. The employment rate in our country is at

:19:17. > :19:19.a record high and capital requirements for the banks are some

:19:20. > :19:26.ten times what they wear and the budget deficit is down from 11% to

:19:27. > :19:30.3% this year and that is what I think the Chancellor was talking

:19:31. > :19:34.about when he spoke about fixing the roof, so what position does he think

:19:35. > :19:38.the economy would be in now if we didn't take those measures? I

:19:39. > :19:43.remember the Chancellor promising as the deficit would be eradicated last

:19:44. > :19:49.years and can I see some of those jobs are unfortunately insecure and

:19:50. > :19:54.in low pay, but we welcome the capital requirements with regards to

:19:55. > :20:01.banks if you can accept that. At the centre of the pessimistic assessment

:20:02. > :20:07.we are seeing was the stagnating productivity, and it has been

:20:08. > :20:12.members on all sides who said this. On the latest data, productivity in

:20:13. > :20:15.the UK has not grown, the worst performance of any G-7 economy and

:20:16. > :20:20.it means today on average for every hour worked in the UK, it is one

:20:21. > :20:25.third less productive than the average hours worked in the US,

:20:26. > :20:26.Germany or France. Stagnation in productivity and that has happened

:20:27. > :20:36.under less Chancellor. And in long-term strategy has

:20:37. > :20:39.failed, as is no basis for long-term growth.

:20:40. > :20:45.We need a comrade is a strategy to deal with the contents of crisis. --

:20:46. > :20:51.content of strategy. Growth over the last two years has relied on certain

:20:52. > :20:54.things. There been a large number of jobs created, that they have been

:20:55. > :20:59.prepaid and insecure. Secondly we have grown more and more dependent,

:21:00. > :21:04.unfortunate, and wholesale borrowing. We have not yet hit the

:21:05. > :21:11.level of 2008, with the office of budget responsible to forecast

:21:12. > :21:15.predicts an unprecedented five- year period of household debts. At the

:21:16. > :21:19.same time as our deficit with the rest of the world, current account

:21:20. > :21:24.deficit, has widened to the high-dose level, the highest level

:21:25. > :21:30.of current-account deficit since the 18th century. 70% of GDP, the

:21:31. > :21:39.largest deficit of any major economy. To finance the gap, the

:21:40. > :21:43.sale of UK assets have reached record levels, alongside asset sales

:21:44. > :21:46.to the rest of the world on a range of facilities. Some of which have

:21:47. > :21:52.been objected to significantly in this House. The UK now has, relative

:21:53. > :21:56.to GDP, the largest debt owed overseas of any major developed

:21:57. > :22:01.country. We have been able to finance this Deva said, despite

:22:02. > :22:06.productivity growth, because of what Mark Carney said in recent lecture,

:22:07. > :22:13.the kindness of strangers. -- finance this debt.

:22:14. > :22:17.Would he also agreed that the way in which the current-account deficit is

:22:18. > :22:20.being funded is essentially high foreign direct investments,

:22:21. > :22:25.including the purchase by Chinese organisations of assets here, how

:22:26. > :22:29.then does that relate to Britain taking back control?

:22:30. > :22:35.We have consistently argued in this House on the side against the acid

:22:36. > :22:39.cells that have taken place. This has been described as selling the

:22:40. > :22:45.family silver. Actually been selling the fabric of the building itself

:22:46. > :22:48.will stop investors in the rest of the world had been willing to

:22:49. > :22:51.overlook some of the fundamentals of our economy in the belief that this

:22:52. > :22:55.country is politically stable, has secured banks, and has a booming

:22:56. > :23:01.property market. Overseas investors have been buying outskirts and

:23:02. > :23:07.lending money on a grand scale because of this. This kindness of

:23:08. > :23:11.strangers is now in short supply after the League vote. The

:23:12. > :23:17.confidence of international investors in the UK's position has

:23:18. > :23:22.been undermined. I welcome his focus on this point.

:23:23. > :23:27.This is my biggest worry, personally, that we are dependent on

:23:28. > :23:33.investments, and it is a significant wrecks. Does he agree that whatever

:23:34. > :23:36.happens in the negotiation, the single most important message to

:23:37. > :23:40.come out of it is that we're still an open economy, and we will not

:23:41. > :23:44.resort to protectionism? I fully agree, and a echo the

:23:45. > :23:47.Chancellor's statement on Monday that this country is open for

:23:48. > :23:51.business, and we have to repeat that time and time again on all sides of

:23:52. > :23:55.this House to make sure we retain confidence as best we can. I will

:23:56. > :24:02.press on and come back to the honourable gentleman. I have to say

:24:03. > :24:06.that, with the uncertainty of the UK's relationship to the rest of the

:24:07. > :24:08.world, the confidence of international investors has been

:24:09. > :24:12.undermined, and we have to recognise that. I regret that the

:24:13. > :24:18.current-account deficit has not been addressed up until now. To do so

:24:19. > :24:22.would have required a restructuring of our recon me. We would have

:24:23. > :24:25.needed, to be frank, an industrial strategy to develop and support our

:24:26. > :24:29.key industries. I say to the Government they must now bring

:24:30. > :24:32.forward a comprehensive industrial strategy to support those key

:24:33. > :24:37.industries and Labour Party for future growth.

:24:38. > :24:43.Thank you for giving way. -- Labour Party for future growth. Does the

:24:44. > :24:47.honourable gentleman welcome the fact that the Speaker of the House

:24:48. > :24:54.of Representatives has today called Brown media talks between the United

:24:55. > :24:59.States and the UK on setting a trade deal so that when we exit the EU

:25:00. > :25:04.there will be a trade deal with the United States. And also the

:25:05. > :25:07.statements from the Indian Government so that we can ensure

:25:08. > :25:12.there is no interruption to the UK economy?

:25:13. > :25:15.It has to be recognised that the trading relationship with India,

:25:16. > :25:23.although growing, is relatively still small. I recognise the

:25:24. > :25:26.negotiations that are taking place. Over the last decade, the timescale

:25:27. > :25:31.in which those trade agreements were secured, to be frank, they are

:25:32. > :25:37.lengthy, and at the end of the day don't necessarily, by an individual

:25:38. > :25:41.statement of negotiations on the run, actually achieve the best

:25:42. > :25:48.efforts of that country that they might have achieved within a trading

:25:49. > :25:55.bloc. I will press on and come back. The simplest expiration for these

:25:56. > :26:03.decisive economic weaknesses is people a state of investment in the

:26:04. > :26:10.UK. -- poor to an basement. Investment is in decline and falling

:26:11. > :26:14.further. The economic uncertainty is being reported to deter investment.

:26:15. > :26:18.This poll on investment by business is being worsened by the

:26:19. > :26:21.Government's plans to cut its own investment. Current investment and

:26:22. > :26:26.current projections is set to fall by the end of the decade. Without

:26:27. > :26:28.sustained investment, both private and Government, we will not be able

:26:29. > :26:35.to address the economic decline lighting too much of our country.

:26:36. > :26:39.Thank you for giving way. The honourable gentleman has talked

:26:40. > :26:43.about the need for industrial strategy. Clearly, the Government

:26:44. > :26:47.has said that important strategies for life sciences, key industries

:26:48. > :26:50.like that. At the Northern Powerhouse as well. Given the

:26:51. > :26:54.challenges we are facing and the importance of that continuing need

:26:55. > :26:58.to rebound the economy, or the opposition now fully get behind the

:26:59. > :27:01.Government plans to rebalance the economy and take forward the

:27:02. > :27:06.Northern Powerhouse that they have been critical of in the past?

:27:07. > :27:11.We have welcomed initiative to try and rebalance the economy. The

:27:12. > :27:14.problem has been the success rate. In the pipeline, the investment

:27:15. > :27:20.pipeline that was announced by the Chancellor several years ago, is

:27:21. > :27:28.less than 20% success. The 20 billion that was meant to come, only

:27:29. > :27:31.1 billion has so far, five years on. I think the Government announces

:27:32. > :27:38.well, but does not implement very well. That is too much Government by

:27:39. > :27:42.press release. I will press on and come back to the honourable

:27:43. > :27:47.gentleman. I think it's important that we recognise the economic

:27:48. > :27:52.decline and regional inequality and despaired that it has produced

:27:53. > :27:58.contributed to so many voting League. Some are concerned that the

:27:59. > :28:02.shock to business with Bush the entire economy into recession again.

:28:03. > :28:07.So could I call again for a programme, a fresh programme of

:28:08. > :28:11.Government investment, bringing forward a share of projects in those

:28:12. > :28:21.areas hardest hit by long economic decline. I give way.

:28:22. > :28:24.I am most grateful. I just wanted, in the spirit of the conversation

:28:25. > :28:28.taking place this afternoon, to say that in terms of some of the

:28:29. > :28:39.northern cities such as my city of Leeds, that has been considerable

:28:40. > :28:44.action taking place. The station opened last week, and half ?1

:28:45. > :28:48.billion of gone into projects within Leeds. I understand the politics of

:28:49. > :28:52.the situation, but please understand that some of great northern cities

:28:53. > :28:56.have had some real investment. We must not talk down some of the

:28:57. > :29:01.success that has happened, but at the same time the success has not

:29:02. > :29:04.been on this scale, it is not been on the skill to rebalance the

:29:05. > :29:11.economy as promised. As a result of that, I have two admits there is

:29:12. > :29:15.disillusionment in a section of the electorate, and as a result voted

:29:16. > :29:19.for Leave. Amenities have been left behind. I felt that as a result of a

:29:20. > :29:26.lack of investment, certainly in recent years.

:29:27. > :29:32.Witty agree with me that it would be a huge boost to the British economy

:29:33. > :29:37.if the ?60 billion initiative for the expansion of Heathrow went and

:29:38. > :29:40.ready support my view for a free vote on the issue?

:29:41. > :29:47.You have to get the honourable member his due, he chances his arm!

:29:48. > :29:56.I'm sure that is a need for investment in selected investment in

:29:57. > :30:02.aviation. We are short of time, I will push on. The answer is that

:30:03. > :30:05.whenever the aviation expansion takes place, it will be judged by

:30:06. > :30:08.the criteria that this party on the side of the House has selected,

:30:09. > :30:14.which includes its environmental impact as well as the economic

:30:15. > :30:19.impact. So we await the proposals of Government, and we will then take

:30:20. > :30:28.that decision. If I can press on. Can I just come to some immediate

:30:29. > :30:34.next steps. There is debate on the best course of action for the future

:30:35. > :30:39.economic policy. There are immediate steps that can be taken to calm

:30:40. > :30:44.market volatility. It is incumbent on the Government now to take the

:30:45. > :30:46.necessary measures. And Labour, in the national interest, will support

:30:47. > :30:52.measures intended to stabilise the economy where they protect

:30:53. > :30:56.households and businesses. So I'm monetary policy, of course,

:30:57. > :31:00.authority rests with the Bank of England to intervene, to protect the

:31:01. > :31:05.stability of banks and the wider economy. And Governor Mark Carney

:31:06. > :31:08.morning statement was important in helping to stabilise the situation.

:31:09. > :31:16.However some interventions by the bank will require authorisation by

:31:17. > :31:22.the Government. It will help to ensure the success of these

:31:23. > :31:25.interventions in the House is kept informed and provided regular

:31:26. > :31:28.updates. On fiscal policy, the expected slump in demand, the

:31:29. > :31:34.Government's present fiscal charter is increasingly anachronistic. The

:31:35. > :31:38.Chancellor has missed two Maccabees three targets on debt and the

:31:39. > :31:46.wealthier camp. He will have to suspend though welfare target. It is

:31:47. > :31:50.now impossible to defend. For the regions, a squeeze on Government

:31:51. > :31:57.investment could now be especially damaging. Last year, and this was

:31:58. > :32:02.raised in earlier questions, ?10 billion was provided in regional

:32:03. > :32:04.funding, provided by the EU. As was concentrated on our most deprived

:32:05. > :32:08.regions and places that needed it most. Can I ask what steps is the

:32:09. > :32:12.Government taking to ensure that essential funding will now be made

:32:13. > :32:16.good? Can I ask what structures have been put in place to liaise with the

:32:17. > :32:23.elected mayors and local government leaders to address the loss of EU

:32:24. > :32:30.funds? The UK also currently holds a 60% state in the European investment

:32:31. > :32:37.bank -- 16% which included investment in the United Kingdom.

:32:38. > :32:48.Can I ask the Chancellor what steps the Government is taking... On

:32:49. > :32:54.trade,... Can I just press on? I'm worries about time. Entrees, there

:32:55. > :33:01.are significant uncertainties created for the trading with Europe.

:33:02. > :33:03.-- on trade. Can I ask the Government what is the Government

:33:04. > :33:08.putting in place to support supply trains threatened either severance

:33:09. > :33:15.of these ties and the falling value of the pound. On finance, the exit

:33:16. > :33:20.from the EU threatens the UK's status as a global financial sector.

:33:21. > :33:25.A number of major banks have ordered that in place plans to move jobs

:33:26. > :33:29.from the UK. They are fearful of the loss of their European Union

:33:30. > :33:32.passport, allowing them to win business across the EU. We need to

:33:33. > :33:37.know from the governments on how they will ensure those passport

:33:38. > :33:41.rights are retained. I hear one negotiation position is to offer

:33:42. > :33:47.statements with some controls on freedom of movement, but Mike at the

:33:48. > :33:53.last bank passport in rights. This is clearly moved to encourage bank

:33:54. > :33:56.migration from London. The resignation of the Finance

:33:57. > :34:01.Commissioner means that the UK currently has no voice at the

:34:02. > :34:04.commission level to argue for UK finance. What steps will the

:34:05. > :34:09.Government take to ensure that the voice of UK finance continues to be

:34:10. > :34:13.heard in Europe? Cameo also press the Government to establish a

:34:14. > :34:16.working group to monitor the ongoing threat to the UK's financial

:34:17. > :34:21.stability, working with representatives from across the

:34:22. > :34:26.financial industry? To conclude, it would just be wrong of me not to

:34:27. > :34:30.mention the threat that have been made to community cohesion following

:34:31. > :34:33.the vote to leave. I was very concerned to hear about the attacks

:34:34. > :34:38.on the Polish community. Any such attacks must be condemned outright

:34:39. > :34:42.by the whole House. I have a Polish community in my own constituency.

:34:43. > :34:49.The Polish War Memorial Dubai stand testimony to the sacrifice of Polish

:34:50. > :34:53.pilots during the Second World War. I've attended many meetings at the

:34:54. > :34:56.Polish Centre in Hammersmith which was so disgracefully attacked. I set

:34:57. > :35:01.my message of solidarity to this community and anyone else suffering

:35:02. > :35:04.from this rising racism. Can I ask the Government what mechanisms in

:35:05. > :35:10.particular are going to be put in place with local government leaders

:35:11. > :35:12.and community mayors to help resolve the situation and resource

:35:13. > :35:17.programmes that will be brought forward? In conclusion, we will get

:35:18. > :35:21.through this period of uncertainty, as Britain has done many times in

:35:22. > :35:25.the past. We will get through. There are real strength in our economy,

:35:26. > :35:31.not least in our talented and dedicated workforce. Nonetheless,

:35:32. > :35:36.volatility to continue and they remain grave concerns about

:35:37. > :35:40.Britain's future relationship with our European partners and in the

:35:41. > :35:43.wider world. The future strategy is not yet determined, but Michael and

:35:44. > :35:47.me say from the side of the House, we are prepared, in the national

:35:48. > :35:51.interest to work with the Government and our parliamentary colleagues on

:35:52. > :35:54.all sides to ensure the best interests of British people are

:35:55. > :36:00.secured. I commend the motion to the House.

:36:01. > :36:09.and a league and is the only order paper. I very much welcome this

:36:10. > :36:15.opportunity to update Parliament and update the country on some of the

:36:16. > :36:21.economic challenges which we now face. Can I take this opportunity to

:36:22. > :36:25.welcome the member for Salford to chew her new position as shadow

:36:26. > :36:28.chief secretary. I would welcome all the new members because it would be

:36:29. > :36:35.like the presentation of the bills we have just seen. It is very good

:36:36. > :36:42.the Shadow Chancellor is still in place and he has 80% of the support

:36:43. > :36:50.to remain there. Can I respond to this sober debate with a message of

:36:51. > :36:55.the issues and sundry was a man can I say from the outset that this is a

:36:56. > :36:59.challenging time and a good opportunity for the House to discuss

:37:00. > :37:05.these issues. We will not seek to divide the House on the motion

:37:06. > :37:09.today. The message of the assurance and realism begins with the realism

:37:10. > :37:15.that I have never shied away from telling the country the truth, as I

:37:16. > :37:18.have seen it, about our economic challenges and be faced significant

:37:19. > :37:27.economic challenges as a result of the referendum decision last week. I

:37:28. > :37:30.want to provide reassurance that we are about as well-placed as we could

:37:31. > :37:37.possibly be to meet these challenges that lie ahead. The Shadow

:37:38. > :37:42.Chancellor was correct to raise problems like low productivity

:37:43. > :37:47.growth which bedevil many western economies, but the British economy

:37:48. > :37:51.has been the strongest of the advanced economies in the world in

:37:52. > :37:55.recent years, capital requirements and our banks are ten times higher

:37:56. > :38:00.than before the financial crisis, inflation is low and stable and

:38:01. > :38:05.disposable incomes have been growing. These things didn't happen

:38:06. > :38:09.by accident but because over the last six M years we took difficult

:38:10. > :38:16.and often painful decisions to strengthen our economy and rebuild

:38:17. > :38:22.our banks, we said we would fix the roof and thank goodness we made the

:38:23. > :38:28.progress we did. I will just say this before giving way. While I've

:38:29. > :38:32.personally gave everything to campaigning for the different

:38:33. > :38:35.outcome, we sought a clear result and I accept that result, the

:38:36. > :38:40.government accepts that result and we need to implement that decision

:38:41. > :38:46.and deliver for the British people on the instructions given us. As the

:38:47. > :38:53.ten year cost of borrowing has fallen to under 1%, a record low,

:38:54. > :38:57.doesn't this mean there will be a windfall element from lower interest

:38:58. > :39:01.charges, and will the government consider funding the debt longer at

:39:02. > :39:14.this advantageous time for a borrowing? My honourable friend is

:39:15. > :39:18.right to point to the fall in UK yields, but there has been something

:39:19. > :39:21.of a flight to safety and they would say it is because of the last six M

:39:22. > :39:31.years that we have made UK Government debt a safe haven in

:39:32. > :39:36.stormy waters. We can take pride collectively that we have done that

:39:37. > :39:39.and it is different from the situation six years ago when yields

:39:40. > :39:46.were increasing in the face of economic difficulty, but in terms of

:39:47. > :39:51.the financing of the debt, I have only number of occasions changed the

:39:52. > :39:59.skew of the debt management office's purchase plan and made sure we have

:40:00. > :40:08.longer dated it than we would have otherwise had. One of the reasons

:40:09. > :40:11.why international investors have confidence in the UK market is

:40:12. > :40:17.because we don't chop and change every week, so while my right

:40:18. > :40:20.honourable friend makes a good point I don't think we should immediately

:40:21. > :40:29.respond to the events of the last week by changing your financing the

:40:30. > :40:32.net. The message we need to send it is one of stability and reassurance

:40:33. > :40:38.and that leads to the plan I believe we should be following. It involves

:40:39. > :40:42.ensuring financial stability, precisely what we have been doing

:40:43. > :40:48.these last few days. In the run-up to the referendum, the Treasury will

:40:49. > :40:50.work closely with the Bank of England and the Financial Conduct

:40:51. > :40:56.Authority to put in place robust contingency plans. I met only number

:40:57. > :41:00.of occasions with the Governor of the Bank of England and the monetary

:41:01. > :41:08.policy committee had special meetings to discuss those

:41:09. > :41:10.contingency plans. Our bank regulator worked systematically with

:41:11. > :41:14.each of the major financial institutions to make sure they were

:41:15. > :41:24.financially sound and prepared for whatever outcome the would have.

:41:25. > :41:30.People will have seen that this week from the results that liquidity has

:41:31. > :41:36.been provided and we have been working very closely over the last

:41:37. > :41:38.few days alongside finance ministers, central bank governors

:41:39. > :41:43.across the G-7 and the nations of the European Union, to make sure we

:41:44. > :41:51.are monitoring developments closely and are ready to respond. The

:41:52. > :41:55.president of the ECB provided that update yesterday and the Prime

:41:56. > :42:01.Minister reported that early, and the report he gave was not

:42:02. > :42:07.particularly rosy. These contingency plans were designed to prevent

:42:08. > :42:14.disorder, not to stop markets adjusting to the new economic

:42:15. > :42:17.reality, and I can assure the House today, capital liquidity remains

:42:18. > :42:22.strong and this morning we have seen greater stability in bank share

:42:23. > :42:29.prices and currency markets are continuing to function effectively.

:42:30. > :42:32.There have been significant adjustments and we have to be

:42:33. > :42:41.realistic about the impact of the referendum on financial markets. The

:42:42. > :42:47.resilience of our banks and the stability is to be welcomed but it

:42:48. > :42:52.is quite clearly at the price of pumping so much central bank money

:42:53. > :42:59.into the system, that bank share prices are falling, and the future

:43:00. > :43:09.of of the commercial prospects of banks have been damaged. I would say

:43:10. > :43:12.that the stability of our financial institutions as they are for people

:43:13. > :43:19.to see and it has been assured by our regulators. If he says that the

:43:20. > :43:26.market is making new assessments about the future earnings of banks,

:43:27. > :43:35.yes, they are, and it is quite striking, it is not banks that face

:43:36. > :43:39.the European and international economy that have seen the sharp

:43:40. > :43:45.falls. We need to be realistic that markets will make those kinds of

:43:46. > :43:53.adjustments, and it is striking, the sharpest one-day fall against the

:43:54. > :43:58.dollar for a decade. Equity markets, largely companies that face the UK

:43:59. > :44:06.domestic market, fell by 14% and are now 9% below their level will stop

:44:07. > :44:13.and the particular sectors that have been affected are British retail

:44:14. > :44:26.banking, house-building and short-haul airlines. I wonder if he

:44:27. > :44:31.could acknowledge also the benefits of a weaker exchange rate? 40

:44:32. > :44:35.country running a large trade deficit having a we could exchange

:44:36. > :44:40.rate will make a large difference to exporters and it will mean we are

:44:41. > :44:47.more likely now to avoid deflation that people were forecasting would

:44:48. > :44:51.hit us. Where I would agree with my honourable friend is that if

:44:52. > :44:58.free-floating currency is a shock absorber, we have the benefit of not

:44:59. > :45:04.having a fixed exchange rate, and we are not part of the single currency.

:45:05. > :45:09.The currency can take some of the strain and that is reflected in the

:45:10. > :45:17.currency market. The only thing I would caution my honourable friend

:45:18. > :45:24.on is that in 2008 we saw a sharp fall in sterling and that was

:45:25. > :45:28.sustained. It didn't lead to the blistering exports people expected

:45:29. > :45:34.at that point. That was partly because other markets were

:45:35. > :45:37.depressed, European markets, but also because as we came to discover

:45:38. > :45:50.integrated supply chain is these days are more international and a

:45:51. > :45:55.car exporter from the UK might benefit in terms of the price the

:45:56. > :46:00.card so that, but it will be importing parts and will have seen

:46:01. > :46:06.import prices rise, and retailers are also warning us that prices in

:46:07. > :46:12.supermarkets may arise because of the currency, but we will wait and

:46:13. > :46:19.see. The other challenge we face is from the credit rating agencies. Not

:46:20. > :46:27.that everything they say is gospel... But we unfortunately lost

:46:28. > :46:36.our triple-A rating with standard and tours and were downgraded two

:46:37. > :46:40.notches. Can he tell me whether or not we will still be using

:46:41. > :46:48.quantitative easing and when did that end if not? The Shadow

:46:49. > :46:53.Chancellor raised concerns about monetary policy. The Bank of England

:46:54. > :46:58.is independent and the monetary policy committee set out the

:46:59. > :47:04.challenging trade-off that it might face between a fall in output and

:47:05. > :47:08.the rise in inflation. We will have to wait and see how monetary policy

:47:09. > :47:14.response to that trade-off but it has to make that judgment, and

:47:15. > :47:17.specifically with regards to quantitative easing, the central

:47:18. > :47:22.bank has not been undertaking quantitative easing but the

:47:23. > :47:27.arrangements that would have been put in place by my predecessor

:47:28. > :47:33.remain in place. The authorisation arrangements remain. Any of the

:47:34. > :47:37.monetary policy instruments they have their toolkit they will be able

:47:38. > :47:45.to use but that is entirely a judgment for them. We will wait and

:47:46. > :47:52.see how they respond to the challenges they face. Let me give

:47:53. > :48:01.way and then I will make some progress. This June, the sun is not

:48:02. > :48:11.shining and I have been contacted like many MPs with wishes to delve

:48:12. > :48:15.into the second referendum. Can the chance or spell out if he believes

:48:16. > :48:21.that even looking at a referendum would do massive damage to finance

:48:22. > :48:29.and delay and disrupt further infrastructure projects which are so

:48:30. > :48:32.vital to our communities? I am very clear, although I passionately

:48:33. > :48:38.fought for remaining in the EU, not because I was a massive fun, but

:48:39. > :48:43.because I thought it was better for Britain to be in the EU than

:48:44. > :48:47.outside, but I absolutely accept the result of the referendum and I don't

:48:48. > :48:51.think it's credible in the days after the referendum result to say

:48:52. > :48:57.that people got it wrong and we need to elect new people. We need to

:48:58. > :49:04.respect in our democracy the result the British people have given us and

:49:05. > :49:08.as representatives of the population, I think our obligation

:49:09. > :49:19.is to get on and deliver what they have asked us to deliver to the best

:49:20. > :49:24.of our ability. I may say he has been very candid in his remarks this

:49:25. > :49:35.afternoon, but when he reflects on where we are, I notice Goldman Sachs

:49:36. > :49:40.have downgraded their profit forecast by 10 million euros over

:49:41. > :49:48.the course of the next two years. When we reflect on what that means

:49:49. > :49:53.for UK tax receipts, does he not reflect this has been a self induced

:49:54. > :49:57.problem created by the Conservative government, and does he not have any

:49:58. > :50:00.regrets that it is the Conservative Party through an internal dispute

:50:01. > :50:04.that has got us into this terrible mess?

:50:05. > :50:11.The short answer to that is, no I don't. I do not think it is wrong in

:50:12. > :50:15.a democracy to ask the people on very big constitutional issues. In

:50:16. > :50:19.all the years I have been a Member of Parliament, and indeed before,

:50:20. > :50:24.this question of our relationship with the EU has hung over our

:50:25. > :50:30.political system and our body politic. I'm surprised to hear a

:50:31. > :50:34.Scottish Nationalist raising doubts about the effectiveness of

:50:35. > :50:41.referendums, but there we go. Let me like progress and then I will give a

:50:42. > :50:44.further. We have had fought through contingency plans, those plans

:50:45. > :50:53.remain in place should financial conditions deteriorate. We are

:50:54. > :51:02.absolutely determined that unlike eight years ago the financial system

:51:03. > :51:09.will help ameliorate those financial issues rather than contribute to

:51:10. > :51:16.them. We have two except that there is evidence that some investment

:51:17. > :51:20.decisions will continue to be caused as firms adjust to the uncertainty

:51:21. > :51:26.caused by the referendum. So the first part of our plan, financial

:51:27. > :51:28.stability, has to be to remove that uncertainty as quickly as is

:51:29. > :51:35.possible in a democratic system. I give away.

:51:36. > :51:40.I thank the Chancellor. European Union funds have helped economic

:51:41. > :51:44.development in my constituency. So what measures is the Chancellor

:51:45. > :51:48.going to take so that areas like south Wales continue to receive

:51:49. > :51:56.support and infrastructure to help boost jobs in our valleys?

:51:57. > :52:01.I think we are going to these big questions about providing support to

:52:02. > :52:05.institutions, regions and sectors that have been receiving European

:52:06. > :52:12.Union assistance. Most that apply, the regional support that has been

:52:13. > :52:17.provided to South Wales, the support that they EU provided to research in

:52:18. > :52:20.our universities, the support to our farming community. We are going to

:52:21. > :52:24.have to address all of those issues in this House of Commons over the

:52:25. > :52:31.coming months and perhaps longer than that. Closer than that, we

:52:32. > :52:37.remain a member of European Union, and am coming onto the procedure of

:52:38. > :52:40.how it apart. So those funds continue, and European grants

:52:41. > :52:44.continue to be made. We are looking specifically at areas where

:52:45. > :52:51.questions have been asked about the long-term answers to particular

:52:52. > :52:54.project. I will keep the House updated. It is a challenging

:52:55. > :52:59.question that we have to answer, and we're looking at it very

:53:00. > :53:02.intensively. At the moment, nothing has changed, we remain a member of

:53:03. > :53:06.the European Union. And that brings me to this point, the honourable

:53:07. > :53:09.gentleman's question of trying to resolve that uncertainty as quickly

:53:10. > :53:15.as is practical about the new relationship we seek with the

:53:16. > :53:18.European Union, and our European neighbours. Again, I think we may

:53:19. > :53:24.need a bit of realism and to offer reinsurance. Because it is apparent

:53:25. > :53:28.that uncertainty will only be fully resolved after we come to agreement

:53:29. > :53:33.as a country about the relationship we want with our European partners.

:53:34. > :53:38.And that agreement is then negotiated with our European

:53:39. > :53:41.partners and agreed. We know what the broad options are. The

:53:42. > :53:45.Government has spelt them out over the last few months and the Treasury

:53:46. > :53:48.and Cabinet Office papers that were reduced in advance of the

:53:49. > :53:53.referendum. We set out different models of relationship. The European

:53:54. > :54:00.Economic Area, that we could join, like Norway. A new bilateral

:54:01. > :54:07.agreements, like Canada or the Swiss model. The World Trade Organisation

:54:08. > :54:11.rules that we could rely on. And as the Prime Minister has set out at

:54:12. > :54:15.this dispatch box, the Government has set out a new unity at the heart

:54:16. > :54:20.of the Government made up of some of the very best of our civil servants.

:54:21. > :54:24.That will make a decision and report to Cabinet, but I stress that other

:54:25. > :54:30.departments can feed into that work that is now taking place so that we

:54:31. > :54:33.have the fullest possible information on the decision we are

:54:34. > :54:39.going to have to collectively take as a Parliament on the new

:54:40. > :54:43.relationship we want with Europe. My personal view is clear - we should

:54:44. > :54:47.be moving towards an arrangement which provides us with the closest

:54:48. > :54:51.possible economic ties with error European neighbours. Cost a half our

:54:52. > :54:57.exports go to the Europe union. Millions of jobs are supported by

:54:58. > :55:02.our trade with the European Union. And of course, leading industries

:55:03. > :55:06.are reliant upon that relationship. Car manufacturers, farmers, as

:55:07. > :55:11.services industry. We should be moving towards an arrangement, in my

:55:12. > :55:15.view, where if we negotiate, the trade in both goods and services,

:55:16. > :55:20.including financial services, is as free as possible. In the meantime,

:55:21. > :55:24.of course, coming back to appoint point and made earlier, UK firms

:55:25. > :55:28.continue to have exactly the same status as any other EU firms.

:55:29. > :55:35.Business continues in the city and elsewhere, including in Europe

:55:36. > :55:39.dominating and financial markets. We have to be realistic about this, we

:55:40. > :55:44.must acknowledge that we cannot have all the benefits of the EU without

:55:45. > :55:48.accepting any of the costs and obligations. It will be for this

:55:49. > :55:55.Parliament to decide what the accommodations and compromises

:55:56. > :56:00.should be. I give way. I am grateful. So much of the Leave

:56:01. > :56:03.argument was predicated on shifting our focus to the world beyond

:56:04. > :56:10.Europe. If the Chancellor agrees with that assumption, then we need

:56:11. > :56:14.to make sure we can get there. Given the expansion of Heathrow would

:56:15. > :56:21.deliver a ?16 billion by that finance shot in the arm, after ?211

:56:22. > :56:26.billion of growth outside of the Southeast, thousands of jobs and

:56:27. > :56:30.apprenticeships, then I urge the Chancellor to commit to giving his

:56:31. > :56:36.side a free vote and efficient, safe in the knowledge that on this side

:56:37. > :56:42.there will be sufficient votes to compel that result.

:56:43. > :56:48.We are awaiting the work that is being done on air quality around the

:56:49. > :56:55.output. I think when we talked about that some months ago, people were a

:56:56. > :56:59.bit dismissive of it as an issue. Actually, in the London mayoral

:57:00. > :57:07.contest, the new Mayor of London, he raised an equality issues which did

:57:08. > :57:12.resonate with Londoners. I think it is unfortunate before Parliament

:57:13. > :57:20.makes a decision that we have addressed issues concerns around air

:57:21. > :57:23.quality. I don't think this is going to be anything new if I tell the

:57:24. > :57:27.House is going to be a controversial decision when we come to take it. I

:57:28. > :57:31.think it is very important that the one cries foul over the process, and

:57:32. > :57:38.we can then make a decision on the merits of the issue. My view is that

:57:39. > :57:43.we need additional runway capacity, and whether capacity should come

:57:44. > :57:48.from must be a matter first for the Government and then for Parliament.

:57:49. > :57:52.I give way and then will make progress.

:57:53. > :57:58.I am grateful. On that issue of runway capacity in the Southeast, as

:57:59. > :58:02.in so many issues, Northern Ireland has a very direct interest, and we

:58:03. > :58:05.want to see a decision taken on the issue raised by the honourable

:58:06. > :58:09.gentleman as well, as quickly as possible. In that regard, and in

:58:10. > :58:16.relation to issues the Chancellor has been talking about, then he is

:58:17. > :58:20.surely that the Treasury is talking to the Northern Ireland Executive so

:58:21. > :58:23.that the interests and concerns of Northern Ireland are very much in

:58:24. > :58:29.the thinking of Her Majesty is Government is going forward?

:58:30. > :58:34.That dialogue is taking place, and I assure him it will continue to take

:58:35. > :58:40.place. We were on different sides of the argument when it came to the

:58:41. > :58:44.referendum, but he, like me, shares a view of Britain that is we need to

:58:45. > :58:49.be open to the world, trading with the world, in my view that means

:58:50. > :58:54.sufficient airport capacity to fly to the world and allow the world to

:58:55. > :58:57.fight us. I'm sure that is universally accepted across the

:58:58. > :59:06.House of Commons. But we will find out. Let me make some progress.

:59:07. > :59:10.The challenge now, one I think that we can rise to working through

:59:11. > :59:13.collective discussion and decision-making, what the new

:59:14. > :59:20.relationship is that we seek with the European Union. We are clear

:59:21. > :59:25.that until we have an agreed approach, we should not trigger the

:59:26. > :59:29.Article 50, which begins the process of exiting the European Union. As

:59:30. > :59:33.the Prime Minister said, bring Article 50 as rightly a decision for

:59:34. > :59:37.the new Prime Minister, and that new Government. And it is a decision

:59:38. > :59:43.that we will take at the right time, when we're ready, and not before.

:59:44. > :59:49.And of course, the economic uncertainty will mean that there

:59:50. > :59:55.will be an impact on private finances -- public finances. The OBR

:59:56. > :00:00.will make a statement this autumn, I don't think the OBR... To get the

:00:01. > :00:05.best possible focus on the OBR, we have to wait for the dust to settle

:00:06. > :00:10.a little. But the OBR will make its assessments, and who will be for the

:00:11. > :00:13.new Government under a new Prime Minister to make decisions about

:00:14. > :00:17.adjustments that will be required to meet the new fiscal realities. But

:00:18. > :00:23.we should never forget that fiscal stability in Seattle at the bedrock

:00:24. > :00:27.of the economic security. -- absolute bedrock. I went to reassure

:00:28. > :00:31.the House that our economy remains competitive, open to business, we

:00:32. > :00:36.have the lowest corporate taxes in the T20, while people in work than

:00:37. > :00:39.ever before thanks to welfare reforms. Asides are numerous of

:00:40. > :00:43.these are world-class. The point has been made throughout the debate

:00:44. > :00:46.within the country and these Parliament, I think when to go on

:00:47. > :00:50.forging links with key partners, beyond Europe, like China and India.

:00:51. > :00:56.I never thought that we had to choose between Europe and forging

:00:57. > :01:02.new links with the rest of the world. German export three times

:01:03. > :01:05.what we do to China, so it's clearly possible to do that within the

:01:06. > :01:08.European Union. But outside the European Union, it is are more

:01:09. > :01:13.important than ever before. I will be travelling to China next month as

:01:14. > :01:18.part of the T20 finance ministers meeting there. To pick up another

:01:19. > :01:22.point that the member for Harrow East made when he made an

:01:23. > :01:25.intervention earlier, I have spoken to the US Treasury Secretary and the

:01:26. > :01:32.Speaker of Congress and the last couple of days about strengthening

:01:33. > :01:37.our ties with great like America. Very grateful. Does he agree that it

:01:38. > :01:41.is not just about new trade deals, it is about the supply chains he

:01:42. > :01:45.mentioned earlier, and building customer relationships over many

:01:46. > :01:47.decades, as we have with the European Union. He said they can't

:01:48. > :01:53.make your trade from Europe one day to the USA or China the next.

:01:54. > :01:58.My honourable friend is completely right. I don't think we should have

:01:59. > :02:02.to choose between the two. It apparently possible to do it a lot

:02:03. > :02:08.more business within America and China and the like was doing a lot

:02:09. > :02:16.of this is with Europe. That would be a key part of Britain's economic

:02:17. > :02:19.strength going forward. As I say, respecting the decision of the

:02:20. > :02:24.British people to leave the EU, in my view, we should now be seeking

:02:25. > :02:28.the closest possible terms of trade with the EU, not just in goods, but

:02:29. > :02:32.also in services, including financial services. The third and

:02:33. > :02:35.final part of the plan and will even need to pursue now is something that

:02:36. > :02:40.the Shadow Chancellor touched upon. We think of it as a social issue

:02:41. > :02:43.that has economic ramifications as well. We must unite across the

:02:44. > :02:48.political spectrum and offer a very loud and clear message to this

:02:49. > :02:53.country that we have no tolerance of intolerance, hatred and bigotry will

:02:54. > :02:56.stop we need to send a message of reassurance to all communities and

:02:57. > :03:02.our very successful, multiphase democracy that we are not going to

:03:03. > :03:07.tolerate those who will deride us. The reports of graffiti on the

:03:08. > :03:09.Polish community Centre in Hammersmith, the reports are people

:03:10. > :03:16.who have lived in that country for decades, been told, we voted you

:03:17. > :03:19.out. The increase in hate crimes, all of these point to incidences

:03:20. > :03:23.that are appalling and unacceptable. It is not the British way, we should

:03:24. > :03:27.unite in condemning it. The Prime Minister and might honourable friend

:03:28. > :03:32.the Home Office minister was sitting at some of the additional steps we

:03:33. > :03:36.now taking to combat this and tolerance. But in this economic

:03:37. > :03:43.faith, I would say that business leaders should also pay their part

:03:44. > :03:51.and any type of intimidation in the workhouse workplace should be

:03:52. > :03:58.stamped out, and all nationalities are welcome within the United

:03:59. > :04:05.Kingdom. Those are the three key things we need to do now. Going

:04:06. > :04:08.securing financial stability. Make sure we resolve the economic

:04:09. > :04:11.uncertainty that has been created by working together to determine the

:04:12. > :04:16.model for our new relationship with the EU. Third, sending out a strong

:04:17. > :04:20.message that we will not tolerate intolerance. If we deliver on these

:04:21. > :04:24.three parts of the plan, and will be doing the best we can to make this

:04:25. > :04:27.work written, and the best we can do to fulfil the instructions of the

:04:28. > :04:31.British people. I must be straight with people in this country, the

:04:32. > :04:36.weeks and months ahead will not be easy. That has always been the case

:04:37. > :04:39.in our history. It is the moments of greatest challenge that our country

:04:40. > :04:49.must damage it is great as resolve as it often does.

:04:50. > :04:57.Can I thank these Shadow Chancellor and the Chancellor for their

:04:58. > :05:03.speeches. We agree entirely and will bring forward constructive measures

:05:04. > :05:06.to bring about confidence and stability to the markets. I also

:05:07. > :05:10.think that the Shadow Chancellor was right that we cannot hide, we must

:05:11. > :05:17.have a robust critique of what this may mean. I'll also say, to the

:05:18. > :05:21.Chancellor, that today, the first majority of the criticism which I do

:05:22. > :05:29.make will not be erected at him at all, rather to those who led the

:05:30. > :05:30.Brexit campaign. Once again, who since the referendum are absent from

:05:31. > :05:44.the chamber. We will support the motion before us

:05:45. > :05:50.because we agree with much of it, the huge and real risks of Scotland

:05:51. > :05:58.being ripped from the EU and the damage it can cause to jobs and

:05:59. > :06:04.prosperity. Much more importantly, the failure of those advocating

:06:05. > :06:08.Brexit to have any plan if they won. It is worth noting that when we had

:06:09. > :06:15.our first independence referendum, it was based on a 650 page White

:06:16. > :06:21.Paper, a detailed plan, a clear prospectus for what would happen.

:06:22. > :06:27.What the Brexit campaign leaders had, the member for Oxbridge, what

:06:28. > :06:37.they had prepared was a few scribbled notes on the back of Nigel

:06:38. > :06:41.Farage's cigarette packet. He refers to the first referendum and he would

:06:42. > :06:46.recall one of the big issues with the currency to be used by an

:06:47. > :06:49.independent Scotland. In terms of the bill being drafted, is there an

:06:50. > :06:55.assumption they would no longer use the pound? We had a really better

:06:56. > :07:01.fix the problems caused by this Brexit decision and then if we

:07:02. > :07:05.remain unable to secure a place in the EU by any other means, the

:07:06. > :07:16.honourable gentleman will be more than welcome to scrutinise the plan.

:07:17. > :07:21.I will give way. The honourable gentleman makes an eloquent point

:07:22. > :07:25.but he's totally wrong. I have to set fire to his strawman. The

:07:26. > :07:29.distinction between a general election with the policy programme

:07:30. > :07:37.and the party ready to take over, with a fixed platform of policy, is

:07:38. > :07:40.different to that of a referendum. The referendum result is an

:07:41. > :07:42.instruction to deliver by the government which should have at the

:07:43. > :07:50.time being ready to take instructions. We're now seeing the

:07:51. > :07:56.consequence of a lack of planning and the expectation that those who

:07:57. > :08:00.campaigned to stay in should be preparing the work for those who

:08:01. > :08:11.wanted to leave is preposterous and the extreme. We have to back this

:08:12. > :08:15.motion because the people of Scotland force is overwhelmingly to

:08:16. > :08:20.remain in the EU, because we have shown ourselves to be a modern,

:08:21. > :08:26.outward looking and inclusive country, and because I share the

:08:27. > :08:29.views of the others. We look on in horror as community cohesion is

:08:30. > :08:33.under threat as the racists and bigots think this is the green light

:08:34. > :08:38.to abuse anyone from any other background. It is not and we

:08:39. > :08:47.unreservedly contend that racism and bigotry. Let's look at what happened

:08:48. > :08:52.in Scotland on the day of the referendum. The people they made it

:08:53. > :09:01.clear they see their future as part of the EU. 62% of the Scottish

:09:02. > :09:08.people voted to stay in the EU compared to 59% voting to leave,

:09:09. > :09:14.only 30% in Scotland chose to do that. 1.5 million people voted

:09:15. > :09:19.remain, each and every one of the 32 council idiots ported to remain, the

:09:20. > :09:26.only nation in the UK with a clean sweep of local authorities, and the

:09:27. > :09:31.turnout was the second highest of any referendum held in Scotland,

:09:32. > :09:37.even higher than the 1997 referendum on devolution. While I understand

:09:38. > :09:43.what the Chancellor said about respecting the will of the UK

:09:44. > :09:46.people, I hope that same will apply to respecting the will of the

:09:47. > :10:00.Scottish nation who have clearly said the intent to stay. I am most

:10:01. > :10:05.grateful. -- would the honourable gentleman be able to say that if it

:10:06. > :10:14.came to a vote on the floor of the House whether to implement article

:10:15. > :10:17.50, with the SNP say no? The government have made it clear it

:10:18. > :10:21.would be for the next government to bring forward the votes are we have

:10:22. > :10:28.until September or October at the earliest to decide whether or not to

:10:29. > :10:33.do that. We are disappointed the UK voted to leave and that is not what

:10:34. > :10:39.we wanted but the priority must now be to stabilise markets and protect

:10:40. > :10:45.the economy. That is why our first ministers in Brussels today and why

:10:46. > :10:50.she has sent the government is exploding each and every potential

:10:51. > :10:55.avenue to maintain Scotland's EU status because that is where the

:10:56. > :11:05.instability is coming from. Let me say one more thing about the

:11:06. > :11:08.previous referendum. It is democratically unacceptable for

:11:09. > :11:17.Scotland to be removed from the EU against its will, and the irony of

:11:18. > :11:22.this as we were told Time after time in our independence referendum that

:11:23. > :11:27.the threat to membership of the EU came from independence. Alistair

:11:28. > :11:34.Darling told us that in 2012, Ruth Davidson told us that in 2014. She

:11:35. > :11:37.said, it is dense -- it is disingenuous to say no means oath

:11:38. > :11:46.and yes men's end when the opposite is true. Even the Better Together

:11:47. > :11:51.campaign tweeted the same, what was the process for removing our EU

:11:52. > :12:00.citizenship? Voting yes. How wrong and how misleading that was. It was

:12:01. > :12:04.never a threat from independence but it was and is now very much in

:12:05. > :12:17.jeopardy only because of the UK decision. I will move on. Now is the

:12:18. > :12:22.time for measured reflection with First Minister doing everything to

:12:23. > :12:27.secure our European status and to provide as much reassurance and

:12:28. > :12:35.certainty as we can over the next days and weeks, and being reassuring

:12:36. > :12:40.to those individuals from the EU and further afield, because we believe

:12:41. > :12:46.as most in this house believes, they remain welcome and appreciated here.

:12:47. > :12:49.We must also do all we can to help restore financial stability and

:12:50. > :12:57.reassure the business community and emphasise that now we remain within

:12:58. > :13:04.the EU and trade and business should continue as usual, and we should do

:13:05. > :13:06.all we can to those planning" investment this remains a place one

:13:07. > :13:16.should invest capital with confidence. And why is this

:13:17. > :13:23.important? Because the FTSE 100 dropped by 8.4% on the morning of

:13:24. > :13:32.24th of June. On the 27th, the downward trend continued and late

:13:33. > :13:39.afternoon the FTSE was down 2.5%. The Friday morning sudden drop meant

:13:40. > :13:47.130 billion was wiped off UK blue-chip stocks within minutes, and

:13:48. > :13:56.I see Chancellor said, banks and house-builders had the biggest

:13:57. > :14:01.falls. During Monday morning, trading in the shares of both

:14:02. > :14:08.Barclays and RBS was briefly halted as the losses exceeded 10% of stock

:14:09. > :14:11.value. After trading was restarted the share prices in both countries

:14:12. > :14:21.continue to fall and move wildly due to the uncertainty. The FTSE 250

:14:22. > :14:30.index, which has more businesses exposed to the domestic market, fell

:14:31. > :14:40.even further. 7.2%, 1200 points. Extraordinary falls and changes. A

:14:41. > :14:50.50% slump in the values of some stocks. I will give way. Does he

:14:51. > :14:57.accept that whilst recognising the figures he quotes, the FTSE 100 is

:14:58. > :15:03.currently trading at a value higher than for most of the last six

:15:04. > :15:06.months. I will come to the recovery in certain areas and just a moment

:15:07. > :15:12.because the honourable gentleman is right when it comes to the FTSE 100,

:15:13. > :15:18.but let me come to all of the embassies and we will see the deal

:15:19. > :15:27.damage and how it is playing out. It was not just stock prices, the

:15:28. > :15:36.sterling was trading at $1 45 and it fell, almost twice the fall than in

:15:37. > :15:45.1992 when the UK was forced out of the exchange rate mechanism on Black

:15:46. > :15:49.Wednesday. Of course the FTSE 100 is going to rebound a bit because the

:15:50. > :15:55.vast majority of the businesses it said of the United Kingdom. If you

:15:56. > :16:00.look at the end this is like FTSE 250, much more domestically exposed,

:16:01. > :16:09.the fall has been catastrophic. That is absolutely correct. The key

:16:10. > :16:15.point, whether the index moves up or down at any given time, the exposure

:16:16. > :16:18.to the UK market and the lack of confidence at the moment is

:16:19. > :16:29.precisely what is driving that uncertainty. I won't give way at the

:16:30. > :16:39.moment. The fall in the pound was twice that in 1992 and by Monday

:16:40. > :16:44.27th at fell another 2% down to $1 32, a 30 year low. Mutterings from

:16:45. > :16:51.everyone who wants things to be fine. We have had a near three

:16:52. > :16:56.decade low in the pound because of the actions taken by the Brexit

:16:57. > :17:03.campaign feeling to have a plan to deal with this eventuality. That is

:17:04. > :17:09.the crux of the matter. The value of the pound against the euro fell

:17:10. > :17:16.almost 6% on Friday 24th and on Monday 27th it fell again. Most

:17:17. > :17:25.alarming, given the stock placed on it, was that the UK lost its

:17:26. > :17:32.triple-A credit rating, certainly from Standard Poor's. They said

:17:33. > :17:37.the referendum result could cause a deterioration in the UK financial

:17:38. > :17:42.performance. It was the first time Standard Poor's have downgraded a

:17:43. > :17:53.triple a rated sovereign by two notches in one go. By Friday,

:17:54. > :17:59.Moody's topped the ratings from stable to negative, and by changing

:18:00. > :18:05.that Outlook it has warned the UK rating has a risk of being lowered

:18:06. > :18:08.and with that comes the risk of higher borrowing costs. That is

:18:09. > :18:14.before we get to the real world and job security. The Institute of

:18:15. > :18:21.directors surveyed 1000 of its members and found a plan to freeze

:18:22. > :18:28.recruitment among a quarter. The BBC have reported HSBC plan to move up

:18:29. > :18:33.to 1000 staff from London to Paris. People who work processing payments

:18:34. > :18:38.in euros for HSBC. Others are deeply concerned about the loss of passport

:18:39. > :18:44.arrangements so that they don't have to have different authorisation for

:18:45. > :18:47.individuals in countries. These are very deal concerns and they are

:18:48. > :18:52.being whitewashed by those desperate to leave because of the absence of a

:18:53. > :19:01.plan to deal with the issues that should have been thought about and

:19:02. > :19:03.considered an advance. The leaders of the Brexit campaign are

:19:04. > :19:07.conspicuous by their absence in this chamber which is perhaps not a

:19:08. > :19:15.prizegiving the embarrassment they are faced with -- they are facing.

:19:16. > :19:19.The energy minister said the volatility we are seeing is not

:19:20. > :19:25.unusual volatility. Does that not just underline the complete economic

:19:26. > :19:31.illiteracy of the case, that they think these unprecedented changes

:19:32. > :19:35.are not unusual. If the pound falls by twice its record fall in the

:19:36. > :19:40.past, I suppose now one sensible should describe that as run of the

:19:41. > :19:50.mill. In that regard my honourable friend is right. In regard to the

:19:51. > :19:54.end this is, it is right as I said that the FTSE 100 has pretty much

:19:55. > :20:00.bounce back to its pre-referendum level as of earlier today. The FTSE

:20:01. > :20:05.250 is not yet back to the position on Monday.

:20:06. > :20:13.Pound versus sterling is not changed and is bouncing along the bottom,

:20:14. > :20:21.pound versus euros is not changed since the fall and bouncing along

:20:22. > :20:26.the bottom and the real concern ... The real concern is we are worried

:20:27. > :20:31.this uncertainty will last for very long time, not least because of the

:20:32. > :20:36.proposed that this decision for those advocating Brexit not even to

:20:37. > :20:42.try to invoke the article 15 negotiations immediately. Not so

:20:43. > :20:51.much a man without a plan, as a Campion without a clue. -- Article

:20:52. > :20:55.50. I am not going to give way. We do know that many of the underlying

:20:56. > :21:02.problems in the economy are deep rooted and long-term. One of the

:21:03. > :21:08.arguments posited by the outcome been money currently going to the EU

:21:09. > :21:13.could be spent here at home. But we don't need to leave the EU to

:21:14. > :21:16.reverse the decision to convert innovation funding from grants to

:21:17. > :21:23.loans to support new product development. We don't need to leave

:21:24. > :21:28.the EU to reverse the cuts to export support to help businesses sell more

:21:29. > :21:32.overseas. We don't need to leave the EU to abandon an economic plan to

:21:33. > :21:37.cut 40 billion more than is necessary to run a current Alan

:21:38. > :21:43.Stubbs count. We don't need to end our membership of the EU to do these

:21:44. > :21:50.things. We do need an end to austerity. And the other argument

:21:51. > :21:56.which the Brexit campaigners posited was that we need to take back

:21:57. > :22:00.control, in their reports, in order to achieve improvements in all of

:22:01. > :22:06.the economic metrics. The problem with that is countries within the EU

:22:07. > :22:12.are doing better on every single measure. Malta and the Czech

:22:13. > :22:16.Republic have lower unemployment. Denmark, Sweden and the Netherlands

:22:17. > :22:23.have higher employment. Ireland has higher GDP growth. The story and

:22:24. > :22:29.Bulgaria have lower debt to GDP reseals. And in terms of

:22:30. > :22:35.productivity, and I am coming to an end... The productivity against the

:22:36. > :22:43.UK is higher in the entire euro area, higher in Austria, Sweden,

:22:44. > :22:47.Denmark, Germany, France, Netherlands, Ireland. All of the

:22:48. > :22:56.things which we want to see done can be done within the EU self evidently

:22:57. > :23:01.the case. This is a Brexit Campion without a plan, leading to the chaos

:23:02. > :23:05.we are seeing now and potentially difficulties in the economy for many

:23:06. > :23:09.years to come. Of course we need to get on one way or another and

:23:10. > :23:15.resolve this and fix it and work with the hand we've been dealt but I

:23:16. > :23:18.would end with this, if we are expected to respect the decision

:23:19. > :23:22.across the whole of the UK, we would expect the same respect for the

:23:23. > :23:28.decision taken by the people of Scotland to stay in the EU.

:23:29. > :23:34.If we can stick to ten minutes each I will not have to impose a speech

:23:35. > :23:39.limit. We can then get everyone in. Thank you, it is a great privilege

:23:40. > :23:44.to speak in this debate and I welcome this, it is what we should

:23:45. > :23:49.be doing. There is a lot of excitement out in the rest of the

:23:50. > :23:53.estate at the moment. I'm following this enormous decision and its

:23:54. > :23:57.consequences we should be sitting here as a pipe parliament and

:23:58. > :24:04.discussing this. And I very much welcome... -- packed parliament. I

:24:05. > :24:08.very much welcome the point by the Shadow Chancellor for the need for a

:24:09. > :24:14.cross-party approach because potentially, this is bigger than any

:24:15. > :24:20.party or any leader, no matter how charismatic or experienced. I will

:24:21. > :24:24.give way. Thank you. Explain to the House by this is an opposition

:24:25. > :24:32.debate and the government didn't call a debate on the economy after

:24:33. > :24:38.Brexit. I'm not an expert, it was a slot allocated for opposition

:24:39. > :24:43.anyway, and there was a statement on the European summit. I campaigned

:24:44. > :24:50.for a Remain vote and argued positively, getting out what was the

:24:51. > :24:55.positive case, and we created a cry wolf situation where, if you warn of

:24:56. > :24:59.things too often, eventually people ignore you even when you are right.

:25:00. > :25:03.And to be honest some of those predictions are coming right. And

:25:04. > :25:07.the best way to look at this, because I believe the country can

:25:08. > :25:11.come through this and come together and be stronger eventually, but to

:25:12. > :25:19.do so we have to recognise initially what we have lost. The strength that

:25:20. > :25:29.we have given up. One way to do this, I very good film is Sliding

:25:30. > :25:33.Doors. We know what we have at the moment, resignation of a great Prime

:25:34. > :25:40.Minister, the issue of Scotland, we have opened a Pandora's box again,

:25:41. > :25:44.and we have undoubtedly in turbulence in financial markets and

:25:45. > :25:49.profound uncertainty. At the very best we have a crisis of

:25:50. > :25:54.uncertainty. We hope that does not manifest into real pain in the

:25:55. > :25:59.economy. But it's quite obvious, it must be, that there is a genuine

:26:00. > :26:05.risk of that, and that is what we have to deal with. We had Fitch

:26:06. > :26:09.morning as today about 5% reduction in investment. And the biggest

:26:10. > :26:12.threat is what may happen with inward investment. We must remember

:26:13. > :26:18.the current account deficit issue and the country is dependent on

:26:19. > :26:23.inward investment. If those foreign firms look less positively at this

:26:24. > :26:28.country we will pay a high price. I mentioned that film because one has

:26:29. > :26:31.to say, if we had ordered the other should train to Romania in the

:26:32. > :26:38.referendum, and I wish that had been the case,... LAUGHTER

:26:39. > :26:43.The gentleman has a fantastic sense of humour himself. And shared by his

:26:44. > :26:48.party. If we had boarded that should train, today we would still have the

:26:49. > :26:55.Prime Minister in position for years to come, we would have a stock

:26:56. > :26:58.market that has strengthened, economic confidence Fenton, currency

:26:59. > :27:03.strengthened, and I think we would have put not to get permanently but

:27:04. > :27:09.would have put to bed to one side in a strong with this issue of Europe

:27:10. > :27:14.and Scotland, these have bedevilled our politics for so long, and

:27:15. > :27:18.instead we have instability. If we had remained we would have a strong

:27:19. > :27:22.position instead of all this uncertainty and weakness. We have to

:27:23. > :27:26.recognise that. Whatever arrangements are negotiated for the

:27:27. > :27:30.future, to me, the simple point is they must compensate for that and

:27:31. > :27:35.restore those strengths and assets, not least the fact Britain

:27:36. > :27:39.historically has been seen as a beacon of trust, a country you would

:27:40. > :27:46.put your life savings into, with a profound sense around the world that

:27:47. > :27:48.we have respect for law and are stable and sound. At the moment, one

:27:49. > :27:52.could forgive the world for thinking that was not the case. It seems to

:27:53. > :27:56.be the case in other European countries. So how do we restore

:27:57. > :28:03.those games? First and foremost, when entering anything, such as with

:28:04. > :28:07.a second reading of a bill, we have to decide on the principles of

:28:08. > :28:12.negotiations that we are going to have with European partners. What

:28:13. > :28:19.will be the fundamentals of going forward? There are three key points

:28:20. > :28:21.I want to focus on. The first is about openness. To me one of the

:28:22. > :28:27.most extraordinary comments in the referendum campaign was when a key

:28:28. > :28:33.figure in the Leave campaign, during the concerns about steel, made the

:28:34. > :28:38.point that if we left the EU we could unilaterally impose tariffs on

:28:39. > :28:42.Chinese steel. There may be a showcase for that but I think it

:28:43. > :28:46.betrayed the fact that when I commenced becomes nationalistic,

:28:47. > :28:51.particularly economically nationalistic, we inevitably come to

:28:52. > :28:55.the threat of protectionism. We have heard many times about how Britain

:28:56. > :28:58.would negotiate good trade arrangements, the point that we have

:28:59. > :29:03.deficits with the EU, they will want to trade with us after all, look at

:29:04. > :29:12.the might of cars we buy from them. But if they don't we would consider

:29:13. > :29:16.protectionism. I will give way. I am grateful and wondered if you

:29:17. > :29:21.recognise, realising we are on different sides, that the EU itself

:29:22. > :29:26.was a protectionist block, the idea of the EU is a common tariff area

:29:27. > :29:31.and would collectively impose significant tariffs on other part of

:29:32. > :29:37.the world, some of which have impoverished nations in the Third

:29:38. > :29:46.World. I accept your point about the EU as a whole, the single market as

:29:47. > :29:49.a single tariff free market, and and asset that we can remain in the

:29:50. > :29:54.single market and we should at all costs. But the point about openness

:29:55. > :29:59.is important, and about the message we send. We have agreed the threat

:30:00. > :30:04.to inward investment, actually existential threat to our economy.

:30:05. > :30:08.And we should not just send a message that they are open to

:30:09. > :30:12.business but will be in if you like the principles of our economy, not

:30:13. > :30:16.resulting to protectionism. Bringing me to the second point that any

:30:17. > :30:21.negotiation about any new arrangements must be in a tone and

:30:22. > :30:25.manner of goodwill. We must be seeking an arrangement that is not

:30:26. > :30:29.just in our interests but in the interests of the strong European

:30:30. > :30:33.Union. This is absolutely fundamental. That is why to me,

:30:34. > :30:36.whoever goes to undertake those negotiations with our European

:30:37. > :30:41.partners must be someone who is trusted as having a sense that they

:30:42. > :30:46.want to see something that works for both parties, and I think that, I

:30:47. > :30:50.worry about people going to negotiate with a body they have

:30:51. > :30:55.spent many months criticising extremely heavy. My third point in

:30:56. > :31:00.terms of these principles is about fiscal policy, because whatever we

:31:01. > :31:04.do, if we want to maintain the sense we are signed and winning back the

:31:05. > :31:10.sense we are stable in the world, we have to continue with a fiscally

:31:11. > :31:14.prudent regime, continue to take tough decisions, and continue to

:31:15. > :31:19.commit to balancing the books and reaching a surplus. That message

:31:20. > :31:23.would inspire confidence in investors and help to restore

:31:24. > :31:31.stability we are seeking. I am happy to give way. Before you conclude,

:31:32. > :31:38.would you agree with me that a very important start has been made on

:31:39. > :31:41.building up this mutual trust by the candour and openness with which both

:31:42. > :31:46.the prime and is and the Chancellor have accepted the verdict of the

:31:47. > :31:51.people, even though it went against their own strongly held beliefs. --

:31:52. > :31:56.the Prime Minister. And we should carry that forward by ensuring we

:31:57. > :32:01.observe the spirit and letter of the people's decision. I do agree, and

:32:02. > :32:07.that was my last point, talking about why this decision came about,

:32:08. > :32:12.and while it is true that we have to accept the decision of the people,

:32:13. > :32:16.we also have to understand the prospectus upon which we believe the

:32:17. > :32:22.people voted to reach that decision and have to be honest about what

:32:23. > :32:28.that prospectus was. A few days ago, we had an article from my friend the

:32:29. > :32:33.Mayor of London, of whom I am a huge fan, who said it is said that those

:32:34. > :32:39.who voted Leave were driven by anxieties about immigration, I do

:32:40. > :32:42.not believe that is so. All I can say is the huge turnout we saw in

:32:43. > :32:46.working class areas of this country, Council estates and so on, was not

:32:47. > :32:51.because people were saying they did not get a say on the Lisbon Treaty,

:32:52. > :32:55.but the issue of immigration which was pushed in an inflammatory way

:32:56. > :33:05.through the debate and if anyone wants proof of that I have received,

:33:06. > :33:08.some of which are shocking and horrific, some too shocking to read

:33:09. > :33:12.out. That campaign was driven by concerns about immigration and we

:33:13. > :33:15.have to accept that. That means it makes things very difficult for us

:33:16. > :33:19.because when we negotiate we have to find a way of preserving all of

:33:20. > :33:24.these economic strength I referred to, yet finding a way to control

:33:25. > :33:29.immigration from the European Union. Because if one was to boil down the

:33:30. > :33:35.explicit underlying nature of the prospectus from boat Leave it was

:33:36. > :33:46.unskilled immigration from the EU. -- from the Leave void. You cannot

:33:47. > :33:51.come unskilled from outside of Q3, because we get those from outside of

:33:52. > :33:55.the EU. Finding that balance will be difficult. It is possible with the

:33:56. > :34:01.good faith and goodwill to the people we are negotiating with.

:34:02. > :34:05.Thank you, Madam Deputy Speaker, I want to welcome this debate and the

:34:06. > :34:12.tour on behalf of this afternoon. Frankly after what has been an all

:34:13. > :34:15.too often fail now debate, the tone of constructive engagement and

:34:16. > :34:20.working together is something that is very, very important. It is down

:34:21. > :34:27.to the leaders in this House to put the decency back into our democracy.

:34:28. > :34:31.I like many people were shocked to hear the statements and the messages

:34:32. > :34:35.and incidents that honourable members read out in the statement we

:34:36. > :34:39.had earlier. We can't have that in this country. We are not going to

:34:40. > :34:46.have that and it is a responsibility on all of our shoulders to ensure in

:34:47. > :34:53.the team unity serve we stamp it out fast. I think however that it is

:34:54. > :34:57.part of a decent democracy that people honour their promises. And

:34:58. > :35:01.let's be honest, there were promises made in the campaign we have just

:35:02. > :35:07.seen which have been broken into shreds, tatters, little bits and

:35:08. > :35:13.pieces already. And it is a job for all of us to hold to account the

:35:14. > :35:18.leaders of that Leave campaign who made promises that now appear not to

:35:19. > :35:23.be honoured. We need to hang those promises are around their necks in

:35:24. > :35:26.the months ahead, because frankly, or democracy cannot withstand too

:35:27. > :35:41.many more broken promises. I want to speak in this debate

:35:42. > :35:43.because I want to say we need to honour the people'sdecision. I think

:35:44. > :36:42.they have given us a stark Somehow they have forgotten to put

:36:43. > :36:46.the Home Office in the new EU unit, as though immigration was not an

:36:47. > :36:53.important feature, it quite frankly beggars belief. We are blessed with

:36:54. > :36:59.the European scrutiny committee. It scrutinises individual instruments

:37:00. > :37:09.of EU legislation. It is chaired by that knuckle and commanding figure,

:37:10. > :37:12.the member for storing. But it is not equipped to look at the big

:37:13. > :37:16.picture or at the principles on which we need to agree, so I hope

:37:17. > :37:23.the Prime Minister will take it seriously that we need a new joint

:37:24. > :37:29.committee of both Houses to get to the bottom of the 6500 instruments

:37:30. > :37:32.we need -- we may need to incorporate into law, including

:37:33. > :37:37.those we might not like. Parliamentary sovereignty has just

:37:38. > :37:40.been voted on. Parliament cannot be sovereign if Parliament is blind.

:37:41. > :37:43.And we need to make sure we are equipped in this House with a method

:37:44. > :37:46.of coming to agreement and making sure the right plan for a new

:37:47. > :37:53.relationship is on the table. I give way. I'd like to thank him for

:37:54. > :37:57.giving way. On the question of democracy and sovereignty which has

:37:58. > :38:01.been raised, does he agree with me that the Government's attempt at

:38:02. > :38:06.setting out a timetable for Brexit should also set out a timetable for

:38:07. > :38:08.scrapping the House of Lords, so we don't have any more unelected

:38:09. > :38:13.bureaucrats to decide day-to-day business? I'm grateful for his

:38:14. > :38:17.intervention and I'm on his side when it comes to the House of Lords.

:38:18. > :38:21.There is the proposal to cut the number of people in this House and

:38:22. > :38:25.increased the other place by over 200 at the last count. It makes you

:38:26. > :38:29.wonder what they ask a dog when it comes to democratic decisions.

:38:30. > :38:33.However, I want to use my speech this afternoon to touch on some of

:38:34. > :38:38.the principles that have to define that new relationship. -- what they

:38:39. > :38:45.ask aired off. This is about national security. We have made

:38:46. > :38:49.important progress and we have good ideas like the European arrest

:38:50. > :38:54.warrant, and we have concerted action on sharing information around

:38:55. > :38:59.crime and terrorism and watch lists. Terrorists do not into -- respect

:39:00. > :39:02.international borders and neither must the fight against international

:39:03. > :39:06.terrorism, and therefore it is essential that we agree and

:39:07. > :39:09.collaborate and co-operate as much as possible with our neighbours when

:39:10. > :39:16.it comes to the fight against crime and terror. Secondly, I think it is

:39:17. > :39:19.quite clear from this election, and the honourable member for South

:39:20. > :39:22.Suffolk made this point quite well, is that we will have to update the

:39:23. > :39:27.principle of free movement and we will have to replace it with a new

:39:28. > :39:31.principle of fair movement. I was the Immigration Minister who

:39:32. > :39:35.introduced the points system for non-EU immigration into this country

:39:36. > :39:39.and during the French presidency, it became clear to me that there was an

:39:40. > :39:44.appetite across Europe for reform of the free movement directive. I wish,

:39:45. > :39:48.and in fact I said then, that this would be a long struggle to get free

:39:49. > :39:53.movement directive is reformed, but, quite frankly, the sooner we start,

:39:54. > :39:57.the sooner we will finish. Surely we have to take that lesson and begin

:39:58. > :40:02.putting on the table serious proposals of reform for free

:40:03. > :40:05.movement? There are one free choices to make. We have to stop by

:40:06. > :40:13.honouring the rights of those who are already here. -- there are over

:40:14. > :40:18.1 million choices. Those who have chosen to make this home. But there

:40:19. > :40:22.are questions about whether they are low skilled or high skilled and

:40:23. > :40:31.questions on how long these macros should last. And whether those

:40:32. > :40:34.rights should lead to whether that should -- whether that should lead

:40:35. > :40:41.to citizenship. And about taxes being paid in. And a huge question

:40:42. > :40:45.of how, as part of a new agreement on fair movement, this country steps

:40:46. > :40:52.up to its international obligations to help those refugees struggling in

:40:53. > :40:57.war zones in the Middle East. We should be doing far more to give

:40:58. > :41:01.safe haven to refugees fleeing war zones and we should make that part

:41:02. > :41:07.and parcel of our reform proposals for fair movement. As part and

:41:08. > :41:12.parcel of this, I think we have to be very careful that we do not

:41:13. > :41:15.damage the free movement of ideas. And that is why I would always argue

:41:16. > :41:21.that students and scientists should be exempt, and alongside that, we

:41:22. > :41:26.have to win sure that co-operation on ideas like intellectual capital

:41:27. > :41:30.and international property protection are part of the new

:41:31. > :41:34.arrangement. -- we must make sure. Thirdly, we must make sure there is

:41:35. > :41:39.no race to the bottom on workers' rights and human rights. It was this

:41:40. > :41:44.country, indeed it was one of our greatest prime ministers, who helped

:41:45. > :41:50.found the Council of Europe. And over the decade we became among the

:41:51. > :41:54.most important authors on human rights. We are the proud authors of

:41:55. > :41:57.the course of justice and we must make sure there is no race to the

:41:58. > :42:01.bottom of workers' rights and we must make we -- make sure we don't

:42:02. > :42:08.enjoy second-class rights in this country. We have got also maximise

:42:09. > :42:13.free trade and free movement of goods and capital throughout the

:42:14. > :42:17.single market. And I think we will need to be honest that we are going

:42:18. > :42:21.to pay a price for introducing some kind of restrictions on migration.

:42:22. > :42:25.And I think we need to think quite carefully about what the prices that

:42:26. > :42:29.we are prepared to pay. And that's why I personally feel that we need

:42:30. > :42:34.to be introducing the minimal possible restrictions on free

:42:35. > :42:40.movement. The fewest fetters possible. But of course when it

:42:41. > :42:45.comes to free movement of trade and capital, we have to ensure that our

:42:46. > :42:49.rights to tax revenue are protected. We have made some progress over the

:42:50. > :42:52.last two years in making sure multinationals pay their share their

:42:53. > :42:57.share of tax. Heaven knows, we have an awful long way to go. We know

:42:58. > :43:02.hundreds of billions sheltered by European companies in tax havens. We

:43:03. > :43:06.have to be in deep collaboration with Europe to make sure people pay

:43:07. > :43:11.their fair share. Finally, we have to have a big debate about sharing

:43:12. > :43:16.the burden is of our neighbourhood. Good neighbours don't shirk their

:43:17. > :43:21.duties, they support their duties. So when it comes to issues like

:43:22. > :43:24.climate change and border protection, there will be countless

:43:25. > :43:29.times where Britain has to step up and say, yes, we can take on the

:43:30. > :43:32.obligations that come with sharing this part of the world, and the

:43:33. > :43:36.Prime Minister was right to say we will not turn our back on Europe and

:43:37. > :43:39.we're not just going to be good neighbours, we are going to be the

:43:40. > :43:43.best of neighbours. Let me conclude by saying I think in the debates

:43:44. > :43:47.that come, there will be an iron relationship between free movement,

:43:48. > :43:51.access to the single market and the integrity of the UK, and I think if

:43:52. > :43:55.we are to maximise that integrity to keep our trade balance good, we will

:43:56. > :44:00.have to keep changes to free movement to an absolute minimum. It

:44:01. > :44:05.would be an error to slam the door to this country closed and lose our

:44:06. > :44:08.place in the world as the great trading nation that we are. That

:44:09. > :44:14.will inevitably lead to the unravelling of the UK. So we need

:44:15. > :44:19.British moderation now more than ever before and we must have no more

:44:20. > :44:23.pie in the sky from politicians with no intention of honouring their

:44:24. > :44:29.promises. And that is why I hope this place will continue to lead

:44:30. > :44:34.debates like today's. It is a pleasure to follow the honourable

:44:35. > :44:39.member from Birmingham. He made some berry fine points and I particularly

:44:40. > :44:44.like the coining of his phrase not moving from free movement to fair

:44:45. > :44:49.movement. There is a right time and a right place to take a risk, and

:44:50. > :44:56.for me, starting my business in 1992, many of you will remember, the

:44:57. > :45:00.16th of September 1992, with unemployment at 3 million.

:45:01. > :45:04.Repossessions running at 70 2000, three times the national average,

:45:05. > :45:10.and interest rates going from ten, 12, 15% in a single day. You will

:45:11. > :45:13.remember the day after, we pulled out of something called the exchange

:45:14. > :45:17.rate mechanism and that was the right thing to do. Many economists

:45:18. > :45:21.said it was the wrong thing to do, it was a big risk, but things could

:45:22. > :45:25.hardly get worse, and it was absolutely the right thing to do.

:45:26. > :45:29.But look at where we are today. We have one of the fastest-growing

:45:30. > :45:32.economies in the developed world. We have virtually full employment,

:45:33. > :45:39.which means all our young people and older people can get a job. And one

:45:40. > :45:47.of the things we had in our business was "Hope is not a strategy". And

:45:48. > :45:54.there was so little strategy, I believe, in Vote Leave, in where we

:45:55. > :45:58.would go in our exit from the EU. And that's why most business

:45:59. > :46:03.organisations, the Institute of Directors, for example, or the CBI,

:46:04. > :46:08.or city UK, were saying, this is the wrong thing to do, and every leading

:46:09. > :46:12.economist and some not very leading economists were saying this is the

:46:13. > :46:16.wrong thing to do. But of course this was seen as some kind of

:46:17. > :46:21.conspiracy. But it wasn't just business that was talking like this,

:46:22. > :46:24.of course. It was the music industry, the science industry, our

:46:25. > :46:30.research organisations, our technology industry. A report by the

:46:31. > :46:33.House of Lords had said, this is such a huge risk because of the

:46:34. > :46:41.complexity of withdrawing from the EU. It will take at least two years

:46:42. > :46:46.clearly with the notice period of Article 50, but it would take many,

:46:47. > :46:49.many years to unwind the legislation, the connective

:46:50. > :46:53.legislation. A report in the times said it would take ten Queen's

:46:54. > :46:56.speech is to unwind that legislation. Which breeds all the

:46:57. > :47:02.uncertainty that businesses do not like. It is not just about trade

:47:03. > :47:08.deals or trading today with Europe and moving and opening more markets

:47:09. > :47:12.around the world. That is a great opportunity. But two cannot simply

:47:13. > :47:18.move your supply base and your customer base from one location to

:47:19. > :47:24.the next overnight. -- but you cannot. And this is what we have

:47:25. > :47:29.been asked to do. Is it not also the case that so much of the trade we do

:47:30. > :47:34.with the rest of the world is by large international companies who

:47:35. > :47:37.locate in the UK because we are in the single market, and we are

:47:38. > :47:42.responsible for so much trade going out beyond the EU? He is exactly

:47:43. > :47:48.right. A good example is the Swiss banks. Despite the fact that

:47:49. > :47:52.Switzerland is part of the European Economic Area, they cannot trade

:47:53. > :47:56.directly with the EU, so they have to base subsidiaries within the EU

:47:57. > :48:05.and happily, firms like credit Suisse and UBS put that subsidiaries

:48:06. > :48:09.in London. As did the big banks. It's why the head of City UK said

:48:10. > :48:15.this move could cost up to 100,000 jobs in the City of London. But this

:48:16. > :48:22.was never dealt with. It was never answered by vote Leave. So the risks

:48:23. > :48:27.here are huge. My honourable friend was shaking his head, that's all.

:48:28. > :48:31.But this was not properly dealt with. And nor has the impact on car

:48:32. > :48:36.manufacturers. This is not about simply opening up new trade markets

:48:37. > :48:40.around the world. It is about a supply chain, a deeply embedded

:48:41. > :48:45.supply chain, right through Europe. A typical driveshaft for a family

:48:46. > :48:50.saloon car is manufactured in six different countries across Europe.

:48:51. > :48:56.So what is that car manufacturer to do? If tariffs are applied between

:48:57. > :49:01.ourselves and the EU? I was talking to a multinational retailer just

:49:02. > :49:08.last evening, who has three members of staff in London -- 3000 members

:49:09. > :49:12.of staff in London. These people move from London to Frankfurt, to

:49:13. > :49:17.Paris, just as we would do from North Yorkshire to London, but what

:49:18. > :49:21.they are faced with is the prospect of not being able to do that. How is

:49:22. > :49:27.it we have made this decision without talking about these issues

:49:28. > :49:33.and answering these questions? And I think there is an even bigger issue.

:49:34. > :49:40.And I look at the European Union. It is such a sensitive stage. It is a

:49:41. > :49:44.House Of Cards. And if the UK pulls our card from the bottom, there is a

:49:45. > :49:51.significant risk that the whole House Of Cards may implode, and that

:49:52. > :49:55.is a domestic economic risk moving to an international, global risk,

:49:56. > :50:00.and also a political risk. And a security risk. Which, again, could

:50:01. > :50:07.hugely affect this country, our economy and our prospects for

:50:08. > :50:12.national security. You will accept that many of the European member

:50:13. > :50:15.states, only a few years ago, they were behind the Iron Curtain,

:50:16. > :50:21.metallic Terry Terry and states, and today they are free and fair

:50:22. > :50:28.democracies. -- Attallah Terry and states. They have made sure they are

:50:29. > :50:32.looking at prosperity and trade and not moving backwards looking

:50:33. > :50:39.eastwards, even worse, towards Russia. So all of these issues are

:50:40. > :50:45.at play. And of course there are many positive reasons to be part of

:50:46. > :50:51.the EU. It is about the opportunity to live, work and study right across

:50:52. > :50:56.the continent. It is about peace and prosperity. And it is about tackling

:50:57. > :51:00.some of our huge challenges, which, again, economic risks, things like

:51:01. > :51:09.climate change, air pollution, drug resistance and tax evasion.

:51:10. > :51:18.Of course people, immigration, is the big issue, and I understand

:51:19. > :51:22.public concern on that, but I believe this was a referendum on

:51:23. > :51:28.immigration and understand we need to deal with this. Here is the

:51:29. > :51:32.opportunity. And as the honourable member for Birmingham Hodge Hill

:51:33. > :51:34.said, we need to deal with that proportionately and there are many

:51:35. > :51:40.different solutions to that problem that we need to look at and work

:51:41. > :51:47.with European neighbours to deal with that problem. But what we must

:51:48. > :51:51.do, we absolutely must do, is we must have free and unfettered access

:51:52. > :51:54.to the single market, because the economic consequences of not doing

:51:55. > :52:00.that are just impossible to contemplate. Too severe to

:52:01. > :52:06.contemplate. All the way through the referendum campaign, I wanted to

:52:07. > :52:11.remain and reform and that option is no longer available, but what we

:52:12. > :52:18.must do now is work together with European counterparts to make sure

:52:19. > :52:22.we do get reform and work collaboratively with European

:52:23. > :52:25.partners to make sure we have a fear economic settlement that works for

:52:26. > :52:32.the European Union and for the United Kingdom.

:52:33. > :52:37.Thank you, Madam Deputy Speaker. I would say it is a pleasure to speak

:52:38. > :52:42.in this debate this afternoon, but that is not really how it feels. I

:52:43. > :52:46.am not the baby of the House but amongst the younger members. And for

:52:47. > :52:50.the 33 years I've been alive I've grown up in a country that is part

:52:51. > :52:56.of the European Union. And part of its character is a confident, open,

:52:57. > :53:00.outward looking nation that looks to the world with optimism, confidence

:53:01. > :53:04.and strength. And though I respect the result and the verdict of the

:53:05. > :53:08.voters last week I cannot disguise my bitter disappointment with the

:53:09. > :53:11.result that was delivered. Because it has put this country on a

:53:12. > :53:16.fundamentally different course for the century than we were previously

:53:17. > :53:24.on. We have already seen the economic impact of that decision.

:53:25. > :53:27.We've seen some of the political repercussions of that decision. And

:53:28. > :53:31.probably will more worrying than anything else, from that result last

:53:32. > :53:34.week, is the sense that our political leaders have yet to find

:53:35. > :53:41.the adequate answers to the questions that have been thrown up

:53:42. > :53:45.by the Leave vote. Now I represent an outer London constituency on the

:53:46. > :53:49.Essex border. Many of the people I represent travel in on the Central

:53:50. > :53:53.line to work in London and many of those will be worried about the

:53:54. > :53:56.future of their jobs. We've already seen the announcement of thousands

:53:57. > :54:02.of jobs potentially moving abroad into the Eurozone. And we hear on

:54:03. > :54:07.the links of jobs elsewhere set to go. We see communities including

:54:08. > :54:11.those that voted overwhelmingly to leave seen the consequences of

:54:12. > :54:17.decisions we have they will no longer be -- we there will no longer

:54:18. > :54:20.be the word investment, such as car manufacturing in the North East, or

:54:21. > :54:27.to bail out the steel industry in Port Talbot. And I cannot help,

:54:28. > :54:30.without feeling too bitter with the result, or finger wagging at people

:54:31. > :54:34.who have reached different conclusions, to say to those people

:54:35. > :54:41.particularly in this House and in the officially designated Leave

:54:42. > :54:47.campaign, that when the attacked stronger in and its advocates, I'm

:54:48. > :54:52.afraid and sorry to see it looks increasingly like actually it was

:54:53. > :54:56.project fact. Whether it is instability in currency of the

:54:57. > :55:01.markets or decisions that have already been taken in the space of

:55:02. > :55:06.days, to relocate jobs, changing peoples lives and affecting human it

:55:07. > :55:09.is for the worse. So let me say, as far as I'm concerned, the

:55:10. > :55:14.Conservative leadership contest can't come soon enough. I relish the

:55:15. > :55:18.prospect of seeing the honourable member for Uxbridge and so to

:55:19. > :55:22.Ruislip at that dispatch box, because along with his friends and

:55:23. > :55:26.the member for Surrey Heath, and other members who prosecuted these

:55:27. > :55:31.arguments, I want to see them live up to the promises that were made.

:55:32. > :55:35.The ?350 million for the NHS, promises made on immigration, and

:55:36. > :55:39.every other promise that they made to the British people, that they in

:55:40. > :55:44.good faith believed when they walked into the ballot box to vote Leave,

:55:45. > :55:48.this place has to deliver accountability if we are to have any

:55:49. > :55:53.trust our faith in politics. Those members when they assume power, some

:55:54. > :55:58.of them already there, they should expect this side of the House, and I

:55:59. > :56:02.suspect members on the other side, to hold them to account for the

:56:03. > :56:09.promises made. Because if I were a Leave voter and find that my job is

:56:10. > :56:15.at risk, or that immigration has not changed substantially in the way I

:56:16. > :56:20.was promised, or that there isn't ?350 million for the NHS, or

:56:21. > :56:25.anything remotely like that, I will feel very betrayed and let down.

:56:26. > :56:29.Just as frankly so many people of my generation and younger do feel let

:56:30. > :56:32.down. Because it is my generation that will be the consequences of

:56:33. > :56:38.this decision longer than anyone else. I can't recall any other

:56:39. > :56:41.issue, where there was such overwhelming economic consensus from

:56:42. > :56:45.this country's leading economists and from around the world, that this

:56:46. > :56:51.country in the longer term will not be as well off as it might have

:56:52. > :56:58.been. Not for a ban today, perhaps, but not as well off as it might have

:56:59. > :57:03.been. -- not ruler than today. For the sorts of team unity is I grew up

:57:04. > :57:06.in, my council estate in Tower Hamlets and other working class team

:57:07. > :57:10.unity is across the country, if we are not as well off, it will not be

:57:11. > :57:15.the wealthiest that feel the impact, it will be the poorest. When

:57:16. > :57:19.businesses do not have as much custom or trade, or as much inward

:57:20. > :57:23.investment from around the world, it will not be the mighty global

:57:24. > :57:28.players affected, they will take business elsewhere, it will be the

:57:29. > :57:32.small and medium-sized enterprises, hard-working people who take the

:57:33. > :57:36.risk and plans, set up a business, work everyday, their fingers to the

:57:37. > :57:47.bone to turn a profit and provide a home and income for their family,

:57:48. > :57:49.they will be the people that pay the price of this decision. So forgive

:57:50. > :57:55.me if I feel somewhat angry about that. I will certainly give way.

:57:56. > :58:00.Thank you. I congratulate him on a very powerful and effective

:58:01. > :58:05.contribution to this debate. I also congratulate the gentleman on his

:58:06. > :58:09.intervention to the Chancellor earlier in relation to airport

:58:10. > :58:12.expansion. What about the future constitutional arrangements, we need

:58:13. > :58:17.to take decisions began to get this country moving and sure we have

:58:18. > :58:21.momentum, and encourage inward investment back into the UK. I would

:58:22. > :58:25.like to congratulate him on that intervention. I am very grateful to

:58:26. > :58:29.the intervention. And in the short time I have been in this House I

:58:30. > :58:35.have been frankly appalled at the extent to which party political

:58:36. > :58:38.self-interest as the key breaks on vital infrastructure decisions to

:58:39. > :58:42.secure the future economic well-being of the nation, or even

:58:43. > :58:46.national security, and that is why the government should bring forward

:58:47. > :58:53.votes on airport expansion, or nuclear continuance deterrent, and

:58:54. > :58:57.other infrastructure projects to keep the country safe and

:58:58. > :59:02.prosperous. We cannot allow these crucial decisions to be sacrificed

:59:03. > :59:05.on the altar of party political management, not least when those

:59:06. > :59:10.attempts seem to be futile, and we have not just seen the role of

:59:11. > :59:13.Britain in the European Union fundamentally changed, but looking

:59:14. > :59:19.at the break-up of the United Kingdom. Not just in terms of

:59:20. > :59:24.Scotland but also that huge achievement, from the Downing Street

:59:25. > :59:27.Declaration to the Good Friday Agreement, the Northern Irish peace

:59:28. > :59:32.process itself put at risk because of the way in which this debate has

:59:33. > :59:36.been handled. And it is travelling at days after the referendum there

:59:37. > :59:40.are still no answers to some of those critical questions about

:59:41. > :59:44.moving forward as a country. Fantastic speech. I agree with your

:59:45. > :59:50.sentiments. Is it also not the case that in the very based case

:59:51. > :59:54.scenario, that a huge amount of government energy and time will be

:59:55. > :59:58.diverted on legal wrangling is that we should focus on the huge issues

:59:59. > :00:03.faced as a country? I wholeheartedly agree. I didn't come to this House

:00:04. > :00:09.to spend hours and hours scrutinising changes to the law to

:00:10. > :00:12.protect rights they already have as members and citizens of the European

:00:13. > :00:17.Union but to advance new ones and fight for things like schools and

:00:18. > :00:24.hospitals and public services and improving the life chances of people

:00:25. > :00:26.in my constituency, not some grand constitutional convention tinkering

:00:27. > :00:31.at the edges to maintain the status quo, rather than advancing the

:00:32. > :00:36.interests of our nation. I am grateful and almost reluctant to

:00:37. > :00:40.interrupt your magnificent floor. But you mentioned the Northern

:00:41. > :00:43.Ireland peace process. The European Union was one of the key components

:00:44. > :00:57.of the Good Friday Agreement, just as we worked with Washington and

:00:58. > :01:03.Dublin. The possibility of this piece across Northern Ireland,

:01:04. > :01:06.arguably the impact this is having on those people? Mike honourable

:01:07. > :01:11.friend has a great deal of expertise in this area and we should take

:01:12. > :01:14.seriously the warnings has given. And I would feel less aggrieved by

:01:15. > :01:19.what he has said, were it not for the fact these very questions were

:01:20. > :01:22.put to the Secretary of State for Northern Ireland in the run-up to

:01:23. > :01:27.the referendum and we were told. Body. That seems to be the blank

:01:28. > :01:39.cheque written on the back of every promise of the Leave campaign. -- we

:01:40. > :01:42.were told not to worry. We see that much of the decisions to Leave were

:01:43. > :01:48.taken not because of the Lisbon Treaty, but because this Parliament,

:01:49. > :01:52.as sovereign as it is, they still don't feel they have control over

:01:53. > :01:56.their lives and destiny. I would hazard a guess that when analysis is

:01:57. > :02:00.done you will be able to map humility by Camilla to those places

:02:01. > :02:07.that voted Leave and those that have had the hardest time because of the

:02:08. > :02:11.nature of our economy. -- map each community. That should worry us more

:02:12. > :02:15.than anything else. Many people voted Leave out of desperation, in

:02:16. > :02:18.the hope the circumstances could not be worse than they are today and in

:02:19. > :02:23.the belief that the immigration system and the flow of people into

:02:24. > :02:29.this country makes them less well off rather than our economy better.

:02:30. > :02:33.That deeply concerns me. Representing one of those in areas

:02:34. > :02:38.that overwhelmingly voted out, one of the issues we face already is 36%

:02:39. > :02:45.of my constituents, the current living wage, and they believe this

:02:46. > :02:48.will increase their salaries, and yet 7000 of my constituents are

:02:49. > :02:53.employed in an industry that are already looking to see what happens

:02:54. > :02:57.next and are stopping investment. Do you agree we need John answers from

:02:58. > :03:04.the government to protect future investment? -- strong answers. We do

:03:05. > :03:07.need those answers and it is not just the economy today but as it

:03:08. > :03:10.would be defined in the future because now this country faces

:03:11. > :03:14.choices about what the structure of the economy looks like and how we

:03:15. > :03:21.intend to compete in a globalised world. I believe, with respect to

:03:22. > :03:23.the benches opposite, there is a risk under not just the current

:03:24. > :03:27.government but the next Prime Minister that we will see a future

:03:28. > :03:31.about a race to the bottom, further casualisation of labour, race to the

:03:32. > :03:34.bottom in terms of wages and terms and conditions, because outside the

:03:35. > :03:39.protection of the single market, it is the only way for this country to

:03:40. > :03:43.profit in away those at the top of society wish to. That makes me even

:03:44. > :03:50.more worried for our country's future, and my final point, that is

:03:51. > :03:59.why we desperately need a change in government. More than 100 years ago,

:04:00. > :04:01.working people, socialist and friendly societies, trade unions,

:04:02. > :04:05.came together because they knew the way to improve the lives of working

:04:06. > :04:09.people and their conditions wasn't by marching through the streets

:04:10. > :04:13.demanding change, but marching through the corridors of power and

:04:14. > :04:17.delivering change. And throughout the great history of the Labour

:04:18. > :04:23.Party, whether the creation of the NHS, or homes fit for heroes, the

:04:24. > :04:26.creation of the open University, the introduction of the national minimum

:04:27. > :04:31.wage, improvements in education standards that let this council

:04:32. > :04:34.estate boys make it to university and this place, success of Labour

:04:35. > :04:38.governments are the only vehicle for delivering progressive change in

:04:39. > :04:43.this country. I would urge members of my party to think carefully,

:04:44. > :04:48.whether or not we prefer the futility of opposition to the

:04:49. > :04:52.ability to change people's lives, the pursuit of power is not about

:04:53. > :04:55.our careers but the life chances and opportunities of our people the

:04:56. > :04:59.Labour Party came into politics to represent. If they don't have

:05:00. > :05:04.confidence in the Labour Party and its leadership to be that change,

:05:05. > :05:07.then we can sign this country to decades of Conservative government,

:05:08. > :05:20.just as we did before when I was growing up in the 1980s! That should

:05:21. > :05:22.hang heavily on the consciences of the skeleton front bench of this

:05:23. > :05:24.party, because until we start providing effective opposition now,

:05:25. > :05:30.this lot will get away with that! That is why we should remember above

:05:31. > :05:34.all else the Labour Party is a cause not a personality cult! It is time

:05:35. > :05:38.people that the interests of the people the Labour Party was founded

:05:39. > :05:42.to represent at the forefront of their judgments about their futures

:05:43. > :05:45.and do the right thing so we can get on and taking this lot apart and

:05:46. > :05:54.delivering a Labour government! Thank you. Can I say what a pleasure

:05:55. > :06:00.it is to follow such a passionate and powerful speech? I feel somewhat

:06:01. > :06:10.the dole bank manager following on from his act. Can I welcome someone

:06:11. > :06:14.unusually not just the subject of the motion but the wording of it as

:06:15. > :06:20.well. I want to congratulate the opposition front bench for bringing

:06:21. > :06:23.this forward today. I must confess, the decision made by the voters to

:06:24. > :06:30.leave the European Union came as both face a prize and a shock to me.

:06:31. > :06:33.In my constituency, I spent time holding debates across the

:06:34. > :06:37.constituency so that people could hear both sides of the argument and

:06:38. > :06:42.then come to their own conclusion. I never sought to influence their vote

:06:43. > :06:45.one way or the other. And disposition of balance also

:06:46. > :06:51.permitted me to spend the last week of the referendum campaign speaking

:06:52. > :06:55.to 25 schools over the last week. -- this position. Both secondary and

:06:56. > :06:58.primary. It troubled me greatly that young children were asking me

:06:59. > :07:03.questions such as, for those who had parents from the EU, would they or

:07:04. > :07:10.their parents have to leave the UK if we leave, or would Britain go to

:07:11. > :07:16.war should we leave. At least it gave me, with the opportunity of

:07:17. > :07:24.balance, the opportunity to do my best to reassure. The sometimes

:07:25. > :07:31.extreme assertions were causing these concerns to be raised and some

:07:32. > :07:35.have been irrationally cast. Had the Remain side recognised, perhaps in

:07:36. > :07:39.more balanced tones, that there were positive reasons for the UK to leave

:07:40. > :07:44.the European Union but even more positive reasons to remain, I wonder

:07:45. > :07:46.whether the UK population would have so readily lined up to give the

:07:47. > :07:52.establishment opinion makers the thumbs down. All of this is for

:07:53. > :07:57.historians to deal with in due course. We are where we are and it

:07:58. > :08:01.is my belief that we in This Place have to lead from the front and get

:08:02. > :08:07.the best deal for the UK in order to preserve the rights that the

:08:08. > :08:12.population has enjoyed for a generation while keeping a semblance

:08:13. > :08:19.of democratic control, which people have demanded from us in this

:08:20. > :08:23.result. I do believe that with the right Civil Service negotiation team

:08:24. > :08:29.in place, we can get a good deal from our European partners. I do,

:08:30. > :08:33.however, believe this will take determination, good grace, hard

:08:34. > :08:38.work, focus and an ability to work with our European counterparts.

:08:39. > :08:42.Thumbing our noses, as Nigel Farage did so disgracefully in the European

:08:43. > :08:46.Parliament this week, not only demonstrates he should not be let

:08:47. > :08:51.anywhere near this process, but also to meet demonstrates the victory and

:08:52. > :09:01.triumphalism rarely bring out the best in negotiating counterparts. --

:09:02. > :09:15.that this vitriol. For seven years, this was working with a team leading

:09:16. > :09:17.the largest bankruptcy. To the honourable member for Ilford North,

:09:18. > :09:22.there was a time when I wanted to come over and give him a cuddle,

:09:23. > :09:26.because, as he was describing for his generation, there was great

:09:27. > :09:30.fear, there is great fear, but I remember that back in 2008 from a

:09:31. > :09:34.personal perspective because I had my mortgage on that institution and

:09:35. > :09:38.my friends and colleagues worked for that institution, and despite what

:09:39. > :09:41.people say about investment bankers, it also includes people who work as

:09:42. > :09:47.cleaners, secretaries and those who don't earn a great wage, and they

:09:48. > :09:51.lost not only that job but also their sense of pride and security in

:09:52. > :10:01.that institution. Of course I will give way. Thank you forgiving way.

:10:02. > :10:04.He's right not just about the support staff, but it is also worth

:10:05. > :10:09.saying that people who do the financial services themselves.

:10:10. > :10:12.Though guilty of all sorts over the years, including bringing our

:10:13. > :10:17.economy almost to its knees, the financial services still generates

:10:18. > :10:21.enormous investment in this country and creates jobs, and it would be

:10:22. > :10:26.foolish to see that great industry, with all the benefits it brings and

:10:27. > :10:30.the tax receipts, go by the wayside, and though we should not let them

:10:31. > :10:37.off the hook, we should never pretend that they are not massive

:10:38. > :10:42.for this country. I absolutely agree with every point he made. There are

:10:43. > :10:47.some who didn't get the punishment they should have got but others took

:10:48. > :10:51.huge punishment and they are still a great export for UK plc. It was

:10:52. > :10:55.still a great shock when that day occurred in 2008 and I well remember

:10:56. > :10:59.it, because another guy who worked for another bank and was in control

:11:00. > :11:06.of his legal department, and this is the largest international investment

:11:07. > :11:13.and commercial bank, and he spent that day dealing with Lehman

:11:14. > :11:20.Brothers, then another bank, and then his own bank, all falling over,

:11:21. > :11:24.and all of us felt money was not safe in any international financial

:11:25. > :11:29.institution at all. I remind the House of those days because while

:11:30. > :11:34.things might seem fearful, cast your mind back to 2008, when I feel

:11:35. > :11:37.things felt even more uncertain. And I would also ask you to recognise

:11:38. > :11:41.that in the last six years, the economy has got better in this

:11:42. > :11:43.country. We have recovered. Who would have thought where we would

:11:44. > :11:48.get to a position where 2 million new jobs have been created? And Pat

:11:49. > :11:51.this is possibly why it is such a great shock what has happened with

:11:52. > :12:00.the EU, because we have got used to some form of stability. -- and this

:12:01. > :12:03.is possibly. Is the honourable gentleman going to refer to the fact

:12:04. > :12:08.that the markets are bouncing back and coming back as we speak? I'm

:12:09. > :12:12.not, not least because it has been made for me, but I'm well aware of

:12:13. > :12:21.that, and it's one of my reasons to feel positive, and a point I want to

:12:22. > :12:25.press on with. At the time, people feel terrible and concerned but

:12:26. > :12:34.history says things might not be as bad as people feel. I will give way

:12:35. > :12:38.in a second. But I would say it brought out the worst states of

:12:39. > :12:44.emotions in people. I would describe three stages of behaviour. Firstly

:12:45. > :12:48.those who lost their heads, secondly those who wielded the knife, and

:12:49. > :12:52.thirdly those who put their heads down and tried to work through the

:12:53. > :12:57.chaos. And I will give way, because I know he had experience of this

:12:58. > :13:05.time as well. I am grateful. I did indeed. At the time I was in Her

:13:06. > :13:11.Majesty's Treasury working for what was the government that was then the

:13:12. > :13:16.opposition. I take the point on the markets. I arrived to help after the

:13:17. > :13:23.events in question! I can assure you! To the point made by the

:13:24. > :13:28.honourable gentleman, markets have bounced and it is good but we should

:13:29. > :13:32.all be aware in this House that the markets will fluctuate and be

:13:33. > :13:37.volatile and up and down. What matters is the long-term momentum

:13:38. > :13:40.inside our economy, particularly the ability to attract ongoing and

:13:41. > :13:50.inward investment. And our minds should go to make sure that tap is

:13:51. > :13:55.not turned off, looking at fiscal measures in our country. I thank him

:13:56. > :14:00.for that. He has such wide experience on this. I will now press

:14:01. > :14:06.on because I'm conscious of time. Just turning back to the better of

:14:07. > :14:11.the three states of emotion I described. Those working through the

:14:12. > :14:15.chaos. Being a believer in the latter, I stayed on with Lehman

:14:16. > :14:18.Brothers for seven years to work with a team of lawyers dealing with

:14:19. > :14:24.the tens of billions of claims made against the estate and which indeed

:14:25. > :14:28.the state made against other trading entities, and I recall for a period

:14:29. > :14:33.of 18 months leading a team dealing with a multi-million pounds case

:14:34. > :14:39.with a bank that had locked up our custodial assets to aid its own

:14:40. > :14:47.claim. We worked to negotiate this bank and ended up settling to both

:14:48. > :14:52.partys' satisfaction. I hope this is a metaphor for what can now be

:14:53. > :14:55.achieved without European partners. As a result of the success, Lehman

:14:56. > :15:01.Brothers and their claimants, who originally feared only getting 10p

:15:02. > :15:08.in the power, will end up getting ?1 50. We struggled to get claimants to

:15:09. > :15:14.get their money because they wanted interest accrue. I use this example

:15:15. > :15:18.because, at the time, as I've expressed, it looked hopeless to

:15:19. > :15:23.staff and financial stakeholders. I recognise this is the way many of

:15:24. > :15:27.our population see the UK's plight following the referendum decision. I

:15:28. > :15:31.hope that over time and with the right team in-place, a better

:15:32. > :15:35.outcome can be delivered for the UK. Only time will tell if our economy

:15:36. > :15:41.will be stronger outside the EU than inside. But what is in our hands is

:15:42. > :15:47.putting an experienced of all the label -- Civil Service team together

:15:48. > :15:51.for the UK and giving them the time and space to come up with a strategy

:15:52. > :15:54.and allowing them to implement it. Whilst we've discussed many of the

:15:55. > :15:58.economic trading principles we would like to see in place, I would urge

:15:59. > :16:02.the House to think more soberly about the type of people we put in

:16:03. > :16:09.place to fight for those. From experience I would say that is as

:16:10. > :16:13.important as cause itself. So as well as transference of the process

:16:14. > :16:16.to come, this is what I believe will give the population the reassurance

:16:17. > :16:20.they so badly need at this uncertain time, and I look forward to the

:16:21. > :16:24.calls from across this House that we should work together and add all of

:16:25. > :16:32.its export -- support and experience to this process so we can support

:16:33. > :16:39.the people of this country. I wish we didn't need to have this debate

:16:40. > :16:43.because I wish we had all voted for the majority had voted to stay

:16:44. > :16:47.within the EU, but we are where we are. I think in the spirit of

:16:48. > :16:51.openness and transparency, it would be useful to set out from the outset

:16:52. > :16:55.that I well understand that the way in which my friends understand this

:16:56. > :17:01.problem, the way in which we frame it, is very different from the way

:17:02. > :17:11.in which other people in this chamber see it. From my point of

:17:12. > :17:25.view, the people we must act on behalf the people of Scotland. I

:17:26. > :17:33.believe in the great principle of sovereignty but not Parliamentary.

:17:34. > :17:38.The honourable member for Thirsk and Walton, who was leaving, until I

:17:39. > :17:42.mentioned him, I thought he made some of the best points in this

:17:43. > :17:50.debate so far about the lack of a plan. Even baldric had a plan! But

:17:51. > :17:59.it would seem... A cunning plan at that! But it would seem that the

:18:00. > :18:02.Leave side had no plan. And unfortunately, the Government had

:18:03. > :18:07.been unprepared for this eventuality, including the Prime

:18:08. > :18:11.Minister today at Prime Minister's Questions, indicating we were having

:18:12. > :18:15.to spend the next few months modelling out what the alternatives

:18:16. > :18:20.were without specifying precisely what the different scenarios are

:18:21. > :18:25.that being planned. I would say from my side, what ever the scenarios are

:18:26. > :18:30.that are being planned, we must have some clarity in there about what we

:18:31. > :18:36.will say about the place of Scotland within the European Union. They

:18:37. > :18:41.cannot make the assumption that we are going to meekly fall and be

:18:42. > :18:47.dragged out of the European Union against the will of the Scottish

:18:48. > :18:50.people. It is not our job to be dragged along. It is our job to

:18:51. > :18:55.represent the interests of Scotland and the Scottish people. And that we

:18:56. > :19:03.will do to the best of our ability. At Prime Minister's Questions in the

:19:04. > :19:09.days before the vote, I raised the case of Thomas and Elke, who live in

:19:10. > :19:17.my constituency. Originally from Germany. Thomas runs a small

:19:18. > :19:26.business in the service sector. Elke is a distinguished artist in glass.

:19:27. > :19:32.They came to Scotland some years ago and bought an old home and

:19:33. > :19:36.refurbished it beautifully. It created jobs in the community,

:19:37. > :19:41.contributed to the community in lots of voluntary ways. But days before

:19:42. > :19:46.the vote, they decided they could not stand the way in which they were

:19:47. > :19:50.being portrayed as immigrants. So they indicated they were leaving the

:19:51. > :19:53.country for the period of the vote and if the vote went to stay out,

:19:54. > :20:00.they would want to leave Scotland permanently. Now, I am still in

:20:01. > :20:04.contact with them, as they are in France at the moment, trying to

:20:05. > :20:09.persuade them to come back. But I say, I am aware they are not the

:20:10. > :20:14.only people who feel that they have been hurt tremendously by the nature

:20:15. > :20:17.of the debate. And also let down by the Government. It is all very well

:20:18. > :20:25.for the Government now to say they are welcome when they denied them

:20:26. > :20:29.the vote on this referendum. And so part of the problem we have in

:20:30. > :20:34.reassuring people is the way in which they have been treated up to

:20:35. > :20:41.now, both by the Government and by those advocating a Leave vote. Now,

:20:42. > :20:45.Elke Anne Thomas were small business people and there's been lots of

:20:46. > :20:51.discussion today about large businesses. -- and Thomas.

:20:52. > :20:58.Do excellent point about the impact of EU nationals, it was also 16 and

:20:59. > :21:09.17-year-olds who were denied the vote as well. Absolutely, and I

:21:10. > :21:13.thank you for reminding me of that. Thank you for giving way, very

:21:14. > :21:19.generous. Just to clarify, I was there when we do metered and

:21:20. > :21:23.committee about aged 16 and foreign nationals, and I made the point on

:21:24. > :21:27.foreign nationals, and if EU nationals had been allowed the vote

:21:28. > :21:32.they could have swung the vote. Even now I regret the result, you cannot

:21:33. > :21:36.underestimate how potentially inflammatory that may have been,

:21:37. > :21:41.given we were not using the franchise from a General Election. I

:21:42. > :21:47.would have to say to the honourable gentleman that I think that is a

:21:48. > :21:53.rather sad argument to make. To me, just as we allowed the vote in the

:21:54. > :21:57.Scottish referendum, Thomas and Elke Weston are as much Scots with as

:21:58. > :22:02.much right to indicate their feelings about the country they have

:22:03. > :22:08.chosen to live in as I have. Just as, when my older brother and sister

:22:09. > :22:11.had to immigrate, which has been the bigger problem for Scotland, because

:22:12. > :22:17.they could not get the opportunities to work in their own land, the

:22:18. > :22:21.countries they have gone to live in, they have been welcome there, and

:22:22. > :22:26.allowed to vote there. I think what has happened is that, by the

:22:27. > :22:30.exclusion, it helped to introduce an element of xenophobia into the way

:22:31. > :22:36.in which this referendum has been conducted. So I have great regard

:22:37. > :22:39.for the honourable member but I'm afraid on that particular point I

:22:40. > :22:46.completely disagree with him. We have got a problem for small and

:22:47. > :22:51.medium-sized companies, as I find it might once constituency, and I would

:22:52. > :22:58.be interested if this is shared elsewhere, there are two types of

:22:59. > :23:03.talking to me, one is those SMEs who export, and there are concerns are

:23:04. > :23:07.primarily about access to markets. And the argument be held earlier

:23:08. > :23:13.that isn't it a good thing about the falling pound that will allow dairy

:23:14. > :23:17.exports to be more competitive? In all honesty I haven't heard a single

:23:18. > :23:25.business pursing making that claim to me. -- single business person.

:23:26. > :23:31.They have said to me the problem of expenses insuring they have access

:23:32. > :23:36.to markets. Without access to markets, the exchange rate is rather

:23:37. > :23:40.immaterial. The second type of SMEs coming and talking to me have not

:23:41. > :23:47.been exporters but they have been importers. They of course are

:23:48. > :23:51.particularly concerned about what is happening with the currency level.

:23:52. > :23:55.What is going to be the cost of bringing in the types of continental

:23:56. > :24:01.products we've been so used to benefiting from over the last 20 or

:24:02. > :24:05.30 years? So I think there are different perspectives on this in

:24:06. > :24:09.small and medium-sized enterprises that reflect real concerned we will

:24:10. > :24:14.have to manage in this new situation. And I think the

:24:15. > :24:19.government will have to not wait for two years until an exit takes place,

:24:20. > :24:25.they will have to rather urgently think about the kind of initiative

:24:26. > :24:28.that can be brought in to assist those small and medium-sized

:24:29. > :24:33.enterprises who are living the period of great uncertainty. And of

:24:34. > :24:37.course, within a greater period of uncertainty, what will it make about

:24:38. > :24:40.-- what will it say about decision-making? They will not go to

:24:41. > :24:45.the bank to borrow foreign investment when uncertain about

:24:46. > :24:50.their future. And Haruki are going to construct that. My fear is that,

:24:51. > :24:55.over a thing, this will lead to less and less investment, not merely by

:24:56. > :25:03.the large corporations, but by many of the small businesses that are the

:25:04. > :25:06.heart of communities. And a further issue I would like to raise the

:25:07. > :25:11.concern about research funding, and academia in society. A lot of people

:25:12. > :25:16.have tried to see not to worry, the contracts that have already been

:25:17. > :25:21.struck are not going to be ended, and so are great universities are

:25:22. > :25:27.safe in that regard. That to me is not what their fundamental concern

:25:28. > :25:32.is. That is about what is the future for European collaboration in

:25:33. > :25:39.research. How is that going to happen if we are exited from the EU?

:25:40. > :25:44.Will they have the same access to other academics? The same access to

:25:45. > :25:48.future research projects? That is highly unlikely unless we retain

:25:49. > :25:54.their place within the European Union. And what of those students in

:25:55. > :25:59.Scotland and elsewhere who have benefited from travel to continental

:26:00. > :26:05.Europe? Who benefits from the great universities France, Germany, Italy

:26:06. > :26:09.and elsewhere? What are their prospects? The future generation is

:26:10. > :26:15.going to be denied the opportunity that those over the last 30 years

:26:16. > :26:23.have had. And that could only be a real tragedy for our society.

:26:24. > :26:27.Thank you, Madam Deputy Speaker. It is a considerable pleasure to follow

:26:28. > :26:30.the honourable gentleman for Kirkcaldy and Cowdenbeath and a

:26:31. > :26:36.fantastic honour to listen to his eloquence. In my case, he is one of

:26:37. > :26:41.my oldest friends in politics. We have a responsibility to act in a

:26:42. > :26:46.way that does not talk down the economy, to collectively support

:26:47. > :26:49.measures to create financial stability and support sustainable

:26:50. > :26:52.economic growth and in this regard I would commend the Bank of England in

:26:53. > :26:57.seeking to reassure markets that amongst other things it will take

:26:58. > :27:01.the necessary measures to sustain liquidity. However, when the Prime

:27:02. > :27:07.Minister speaks in this House as he did on Monday that there had been an

:27:08. > :27:11.adjustment in the financial markets, his comments fly in the face of

:27:12. > :27:16.reality. When we look at what has happened over the course of the last

:27:17. > :27:23.week, we see the pound has fallen by more than 10% against the US dollar.

:27:24. > :27:27.The FTSE 250, which is more representative of the UK economy

:27:28. > :27:33.than the FTSE 100, is down by 12% in one week. When you look behind these

:27:34. > :27:44.indices, UCB severity of decline in and a of economically sensitive

:27:45. > :27:53.areas. RBS than by 20%, Berkeley's 28%. Post developers, some down by

:27:54. > :27:57.30%. -- House developers. These are astonishing falls that clearly

:27:58. > :28:02.represent a crisis in investor confidence in our economy and an

:28:03. > :28:08.indication that investors anticipate a significant shifting expectations

:28:09. > :28:11.for the UK economy. And I note the South Swindon and that consensus

:28:12. > :28:21.expectations for GDP growth in the UK have fallen from 2.1 down to 0.4%

:28:22. > :28:25.for next year. This is no adjustment, as the prime and so

:28:26. > :28:30.called it, this is a significant shift in investor perception of UK

:28:31. > :28:34.plc. And it is one driven by our failure of leadership by the Prime

:28:35. > :28:42.Minister and his government. Let's make no mistake, this is a crisis

:28:43. > :28:46.made in Westminster by Westminster and it needs are full attention if

:28:47. > :28:50.we are to respond in an appropriate manner to the challenges we face.

:28:51. > :28:56.That challenges brought home to us when we see that to date that

:28:57. > :29:05.Moody's have changed their outlay of 12 UK banks and building societies

:29:06. > :29:10.and downgraded outlook on 52 UK sub softens to negative from stable. The

:29:11. > :29:14.Chancellor talked of an emergency budget and hostility measures as a

:29:15. > :29:19.result of Brexit. It is government responsibility to deliver an actual

:29:20. > :29:25.stability, not to kick the legs from that stability and threaten the jobs

:29:26. > :29:29.and livelihoods of citizens. That is precisely what this government has

:29:30. > :29:32.done. These are no abstract matters and it might be better if the front

:29:33. > :29:36.bench paid attention rather than talk to themselves because we are

:29:37. > :29:39.talking about the livelihoods of people in this country and perhaps

:29:40. > :29:44.it would be respectful to the House if they listen to the debate taking

:29:45. > :29:48.place because after all that file in the financial markets affects the

:29:49. > :29:55.pension funds of everyone investing in this country. The stock market

:29:56. > :29:58.are just the future expectations of profit and dividend growth and that

:29:59. > :30:04.should concern us. Goldman Sachs have downgraded UK banks and cut

:30:05. > :30:10.profit forecasts for the sector by a whopping 10 billion euros. Think

:30:11. > :30:17.about that! A Tory row on Europe leads to banking profits down. Do

:30:18. > :30:24.they not have any shame about what they have caused? It is another fine

:30:25. > :30:29.mess that they've got us into! When the government comes to this House

:30:30. > :30:34.and calls for support to change the future for the British Steel pension

:30:35. > :30:40.scheme it is in prior to consideration of future profits for

:30:41. > :30:43.asset growth in that pension scheme. Thousands of British steel workers

:30:44. > :30:48.and pensioners have a trip to the value of their pensions. That is

:30:49. > :30:53.very real and the events of the last few days can only exacerbate that

:30:54. > :30:59.threat. The threat to British Steel pension scheme is one which is

:31:00. > :31:02.newsworthy and current. As the faculty of actuaries response to the

:31:03. > :31:06.consultation suggests that there is a much wider threat to pension

:31:07. > :31:12.schemes. This self induced run on the markets has made that threat

:31:13. > :31:16.greater. We need to put this in the context of the economic

:31:17. > :31:21.circumstances that we are facing. The fallout from the financial

:31:22. > :31:27.crisis of 2007-2008 is still with us. We are burdened with eye

:31:28. > :31:32.watering levels of debt. Wages have barely risen in real terms since the

:31:33. > :31:36.financial crisis. Productivity has flat lined. Prospects for economic

:31:37. > :31:43.growth had already been cut before we ran into the backwash of the

:31:44. > :31:48.referendum. What was required was a focus on driving investment into our

:31:49. > :31:52.economy, focusing on innovation, driving up productivity growth and

:31:53. > :31:58.delivering higher living standards as a result. The UK Government has

:31:59. > :32:04.engineered at the very least an economic setback of its own making.

:32:05. > :32:09.Why? Are fallout over Europe within the Tory party has caused domestic

:32:10. > :32:12.and foreign investors to take fright, but not just at the

:32:13. > :32:17.prospects for growth and stability in the UK, this will have knock-on

:32:18. > :32:22.effect on neighbours in Europe and elsewhere. The Chancellor has talked

:32:23. > :32:25.about further austerity. Yet again, the poorest and the weakest in

:32:26. > :32:32.society will be asked to pay the price for a lack of leadership from

:32:33. > :32:36.the UK to the government -- Tory government. Looking back over the

:32:37. > :32:40.last two years we have seen rising inequality. Monetary and fiscal

:32:41. > :32:44.decisions have driven inequality. There has been lack of appropriate

:32:45. > :32:48.measures to deliver sustainable economic growth and to narrow focus

:32:49. > :32:53.on Quantitative Easing rather than measures that could have led to

:32:54. > :32:58.better outcomes. We have is the government analysis of the

:32:59. > :33:03.quantitive easing programme? As of today, 375 billion was invested in

:33:04. > :33:07.an asset purchase scheme. We are the additional measures to stimulate

:33:08. > :33:12.growth and investment? We know the government and those on the Brexit

:33:13. > :33:18.site had no plan for the prospects of the Leave vote. The Chancellor

:33:19. > :33:21.went into hiding. Let's hear it now. The financial markets have given

:33:22. > :33:24.their judgment on the referendum decision. Weird as the government

:33:25. > :33:30.response beyond the Prime Minister calling the market and adjustment?

:33:31. > :33:34.There needs to be a plan to build confidence and stability. Where is

:33:35. > :33:38.their plan to do this? Let the country hear it. I will give way to

:33:39. > :33:43.the front bench if they want to intervene. So far we have heard

:33:44. > :33:47.nothing that will deliver confidence to the financial markets. We know

:33:48. > :33:56.there is no plan. We have our Prime Minister and Chancellor as a peer of

:33:57. > :34:00.rabbits caught in the headlines, Prime Minister sent packing from our

:34:01. > :34:04.ministers meeting, yesterday's man in Europe and at home. The Prime

:34:05. > :34:09.Minister got us into this mess and has no plan to get us out. Someone

:34:10. > :34:14.else will have to pick up the pieces. The king of the pieces and

:34:15. > :34:19.dealing with economic uncertainty. -- picking up the pieces. Thank

:34:20. > :34:22.goodness for those of us in Scotland we have Nicola Sturgeon and Scottish

:34:23. > :34:28.Government showing effective leadership. We are optimistic for a

:34:29. > :34:33.country. At the time of the 2015 General Election campaign, and that

:34:34. > :34:37.every budget since, the SNP has set out a credible alternative to

:34:38. > :34:41.austerity, investing in public services and kick-starting growth

:34:42. > :34:44.throughout the UK. People in this country and elsewhere have reflected

:34:45. > :34:49.on the leadership that Nicola Sturgeon has shown over the course

:34:50. > :34:54.of the last few days. What we need from the European Union is to

:34:55. > :35:00.recognise the voice of Scotland, that Scotland voted to remain within

:35:01. > :35:04.the European Union, Scotland, an internationalist currently open for

:35:05. > :35:08.business. We had a vote in the Scottish Parliament yesterday

:35:09. > :35:11.showing unity of purpose, giving a mandate to the government to

:35:12. > :35:15.negotiate with the EU to protect the interests of the Scottish people, to

:35:16. > :35:21.make sure we written in that access to the single market that is so

:35:22. > :35:25.important to the security of jobs, investment and growth. And let me

:35:26. > :35:29.say to the people of Scotland and in this chamber Scotland in Europe will

:35:30. > :35:33.be a beacon of hope, of bringing jobs and investment to this country.

:35:34. > :35:40.People in London concerned about international services, you can come

:35:41. > :35:44.to Scotland and can come to a country that sees itself as being

:35:45. > :35:50.part of European destiny. One that will be focused on jobs and growth,

:35:51. > :35:56.delivering for the people of Scotland. Happily give way.

:35:57. > :36:02.Would you also see there is a need for how we all work together here in

:36:03. > :36:06.the union and we need to find some way of how you fit into the union

:36:07. > :36:12.and all the other parts of the UK work together, so we can work with

:36:13. > :36:17.some forward movement? I thank him for his intervention. Of course,

:36:18. > :36:20.those of us on these benches will work together to make sure we can

:36:21. > :36:25.rescue something out of the carnage of that vote that took place

:36:26. > :36:28.throughout the UK, but I recognised specifically in Scotland and

:36:29. > :36:33.Northern Ireland that the people of those two countries voted to remain

:36:34. > :36:37.within the EU, and yes, of course, we recognise we want to do our best

:36:38. > :36:40.for all of the UK, but our primary responsibility is to protect the

:36:41. > :36:47.people of Scotland. And that's why we need to extend the front of her

:36:48. > :36:50.-- the hand of friendship to the people of the EU and say to them,

:36:51. > :36:58.please stand by us. We have stood by you. Let's make sure Scotland stays

:36:59. > :37:04.in the EU, and we can deliver hope, prosperity and jobs for our people.

:37:05. > :37:07.Can I also think the Labour Party for giving us the opportunity to

:37:08. > :37:11.debate this matter? The EU referendum result has been debated

:37:12. > :37:14.by European parliaments, the Welsh Assembly and the Scottish

:37:15. > :37:18.Parliament, so I think it's high time we had the opportunity to do

:37:19. > :37:22.so, notwithstanding the time the Prime Minister has given us in his

:37:23. > :37:27.statement. But I think the Labour Party for giving us that

:37:28. > :37:31.opportunity. -- I thank. This decision will have a huge impact on

:37:32. > :37:44.Scotland and it is a privilege, as always, to follow the members. This

:37:45. > :37:51.will have a significant impact. My neighbour made the point about

:37:52. > :37:54.research. In my own constituency, at the University of Saint Andrews,

:37:55. > :38:01.they have argued that for everyone pounders Scottish funding grant we

:38:02. > :38:08.receive, we generate and return ?12 to our economy. -- for every ?1.

:38:09. > :38:13.That is a significant impact on the economy locally. I also speak from

:38:14. > :38:18.personal experience as somebody who benefited from the right to live and

:38:19. > :38:23.work in the EU and as somebody who benefited from a Rasmus. I know the

:38:24. > :38:28.opportunities that gave me and the opportunities young people are now

:38:29. > :38:32.missing out on, and I'm wondering if the Government will reflect on

:38:33. > :38:35.training opportunities and educational opportunities that are

:38:36. > :38:42.not only a loss to individuals but also the broader economy as well. It

:38:43. > :38:46.is worth remembering, on a question of democracy, Scotland voted

:38:47. > :38:49.overwhelmingly to remain part of the European Union. If you take the

:38:50. > :38:57.electoral regions throughout the United Kingdom, the highest

:38:58. > :39:00.proportion for any side, 62%, in Scotland in every single local

:39:01. > :39:08.authority area, including the two who voted to join the EU back in

:39:09. > :39:13.1975. That was a phenomenal Markoff support for European Union

:39:14. > :39:17.membership. -- phenomenal sign of support. It is one you would be

:39:18. > :39:22.ill-advised to ignore. On the point of democracy, I talked about the

:39:23. > :39:30.intervention earlier on and it is an important one. This will gain powers

:39:31. > :39:38.and have more say in the day-to-day lives of our citizens, so why is it

:39:39. > :39:46.that on a question of democracy that we retain the House of Lords, and an

:39:47. > :39:53.affronted -- an affront to democracy. It is a disgrace. On the

:39:54. > :40:03.point of stability, which is so important for the economy, and,

:40:04. > :40:05.frankly, the huge uncertainty that lies in Scotland, I was delighted

:40:06. > :40:09.that the Scottish Government has showed a huge amount of leadership

:40:10. > :40:13.and I pay tribute to all parts of the Scottish Government, which is

:40:14. > :40:17.the only functioning party of government, it would appear, left in

:40:18. > :40:22.the UK. The vacuum that has been left by the Conservative Party and

:40:23. > :40:26.by the Labour Party, which is reflected in this chamber right now,

:40:27. > :40:31.is doing no credit to This Place whatsoever. What's more, just as the

:40:32. > :40:35.people of Scotland are being well served by the Scottish Government, I

:40:36. > :40:39.believe the people of England are being ill served by their two

:40:40. > :40:45.biggest parties and the people of England have made their decision,

:40:46. > :40:54.and we respect that, but they deserve much, much more than that.

:40:55. > :40:57.Can also say, we have a rich heritage of European citizens who

:40:58. > :41:04.have made their lives and their homes in the United Kingdom? And I

:41:05. > :41:08.reflect locally the huge contribution that European citizens

:41:09. > :41:11.have made in my constituency and continue to make. They enrich our

:41:12. > :41:17.economy and society more broadly as well. I want to reflect what the

:41:18. > :41:22.First Minister of Scotland has said, and I wish more leading politicians

:41:23. > :41:24.had said this. I want to take the opportunity this morning, the

:41:25. > :41:28.morning of the referendum, to speak directly to the citizens of other

:41:29. > :41:33.European countries living in Scotland. You remain welcome here,

:41:34. > :41:37.Scotland is your home and your contribution is valued. And that is

:41:38. > :41:41.a point we all need to be repeating over the coming weeks and months.

:41:42. > :41:47.I'll gladly give way. I thank him for giving way. The point has been

:41:48. > :41:51.made by other members here. There is no impediment to this Government for

:41:52. > :41:56.this House for making a positive statement about the rights of those

:41:57. > :42:00.EU citizens whom we value and make an unbelievable contribution to our

:42:01. > :42:04.communities. That can and should be done, and we really need to be

:42:05. > :42:10.pressing all those seeking united leadership. Before we go through the

:42:11. > :42:17.rigmarole of electing a new leader, we need to go through that to help

:42:18. > :42:26.the uncertainty, which must be unbearable. He's right. We must talk

:42:27. > :42:34.about the richness they bring to our society. We are a richer country for

:42:35. > :42:41.it. The Scots Irish, the Scots Australians as well! If the

:42:42. > :42:44.leadership contenders, no matter which part of the House it is, I

:42:45. > :42:48.think it would be valuable and something we would value as well,

:42:49. > :42:54.and it's an important thing to say. Moving on, things have changed, and

:42:55. > :43:01.changed utterly. Over the past few days in Scotland, we have seen a

:43:02. > :43:03.number of people who voted no in the previous independence referendum

:43:04. > :43:09.coming around to the idea of independence, or certainly coming

:43:10. > :43:14.around to the idea of working together to maintain Scotland's

:43:15. > :43:17.place in the EU. And the Liberal Democrats and the Green Party are

:43:18. > :43:22.working with the SNP to maintain Scotland's place in the European

:43:23. > :43:26.Union. I am interested that the Scottish Liberal Democrats have now

:43:27. > :43:31.been reported as urging their party to support independence and drop

:43:32. > :43:38.their opposition. The Henry McLeish, a previous Labour First Minister,

:43:39. > :43:45.saying he is very attracted to independence as a game changer. We

:43:46. > :43:50.are also seeing support out with from the former Belgian Prime

:43:51. > :43:56.Minister, saying it is wrong Scotland might be taken out of the

:43:57. > :43:58.EU against its will. The leader of the European peoples party saying

:43:59. > :44:10.Europe is open to new member states and those who want to stay, and we

:44:11. > :44:14.are staying, are welcome. I pay credit to someone who has said they

:44:15. > :44:17.feel Ireland ought to be our friend and demand fair play. I welcome all

:44:18. > :44:24.these comments from our European friends and allies. I will finish

:44:25. > :44:29.with this. Historically, and as a matter of fact, Scotland may be on

:44:30. > :44:34.the geographical periphery of Europe, but we sit in Europe's heart

:44:35. > :44:36.politically and it is there that we want to stay and that we will

:44:37. > :44:47.Thank you. Thank you. I would just like to

:44:48. > :44:51.start by saying it is a pleasure to be debating opposite the minister

:44:52. > :44:55.today in the first of many debates, hopefully. I would also like to

:44:56. > :45:01.thank the Chancellor, who is not here now, for his kind words

:45:02. > :45:04.earlier. We have had some fantastic speeches today and I want to run

:45:05. > :45:12.through some of the main issues that were raised. The member talked about

:45:13. > :45:16.the absence of a plan, the member for South Suffolk stated that some

:45:17. > :45:21.of the Remain predictions were coming right and echo the sentiments

:45:22. > :45:25.for a cross-party approach and said this is bigger than any leader. It

:45:26. > :45:32.certainly is. The honourable member for Birmingham Hodge Hill, I welcome

:45:33. > :45:38.his comments, stating, I want to put decency back into democracy. Another

:45:39. > :45:43.member feared for an international House Of Cards that Britain's exit

:45:44. > :45:47.could collapse. The honourable member for Ilford North, who did a

:45:48. > :45:53.fantastic speech, echoed risks that jobs would be moved and communities

:45:54. > :46:00.in deprived areas would struggle to maintain investment and that Project

:46:01. > :46:04.Fear would turn out to be Project Fact. Another member said, we are

:46:05. > :46:09.where we are, and we must lead from the front, and I couldn't agree

:46:10. > :46:15.more. Another member told us the terrible and harrowing story of his

:46:16. > :46:19.constituents who left to go to France on the result of the European

:46:20. > :46:27.referendum. We hope you can coax them back again. He also highlighted

:46:28. > :46:34.the problems that SMEs facing trade. Then another really Paterson speech,

:46:35. > :46:38.-- passionate speech, stating we cannot kick the legs from stability

:46:39. > :46:44.and the falling markets affects everybody's pension. And then the

:46:45. > :46:48.honourable member for North East Fife, who stated he had echoed

:46:49. > :46:53.comments regarding those from the EU, that they have enriched his

:46:54. > :46:57.economy and he wanted to stay today that their contribution is valued,

:46:58. > :47:02.and that is a statement certainly shared across the House today. As my

:47:03. > :47:10.honourable friend the Shadow Chancellor outlined earlier in the

:47:11. > :47:17.debate, the decision to leave the EU poses considerable risk to the UK

:47:18. > :47:20.economy. Sterling remains volatile, markets are fluctuating, the credit

:47:21. > :47:25.rating has been lost and employers in some sectors have already started

:47:26. > :47:29.discussing the prospect of moving jobs out of Britain. This is very

:47:30. > :47:35.worrying but we can turn it around, and to do that we need political and

:47:36. > :47:38.economic stability. We need all parties now to put political

:47:39. > :47:43.interest aside and work together in the interests of their nations'

:47:44. > :47:47.economies, and I enjoyed the tone of today's debate, which has broadly

:47:48. > :47:51.agreed with that sentiment. I certainly will. And like to thank

:47:52. > :48:01.the honourable member for her comments. Would she join with me in

:48:02. > :48:09.welcoming the fact that the Green Party and see the Brownlee rats have

:48:10. > :48:18.given a mandate to go and negotiate with the EU? -- -- the Liberal

:48:19. > :48:24.Democrats? Hopefully we will debate that further in this House. Sadly, I

:48:25. > :48:29.don't share the Chancellor's assurances that our economy is

:48:30. > :48:35.shockproof. He didn't fix the roof while the sun was shining. Quite the

:48:36. > :48:40.opposite - he sold it off. We have been living on a swelling bubble of

:48:41. > :48:45.household borrowing and poorly paid, insecure jobs. I was pleased to hear

:48:46. > :48:48.his emergency Budget is shelved for the time being. However, there

:48:49. > :48:53.remains a high probability that is there at your measures will be

:48:54. > :48:56.introduced later in the year, imposed by Nu Conservative Prime

:48:57. > :49:02.Minister that could be even more ideological to the right than his or

:49:03. > :49:08.her predecessor. -- by Nu Conservative Prime Minister. This

:49:09. > :49:12.has taken hold despite economists the world over believing cuts to

:49:13. > :49:16.government spending when the economy may be heading into recession is

:49:17. > :49:21.economic nonsense. The most vulnerable will suffer and our

:49:22. > :49:24.communities will snap under the strain of further public sector

:49:25. > :49:30.cuts. Quite frankly, cannot take any more. It is not hard to understand,

:49:31. > :49:37.therefore, some reasons why matter -- mass swathes of people in the

:49:38. > :49:41.country voted the way they did in the referendum. It is no wonder

:49:42. > :49:43.people are angry with the political elite when their financial

:49:44. > :49:49.situations have worsened rather than improve. On the doorsteps of my own

:49:50. > :49:52.constituency, which suffered arcades of industrial decline, I could feel

:49:53. > :49:57.the anger from those who had been left behind. But they were right to

:49:58. > :50:01.be angry. Angry that our hospitals and schools are in a state of crisis

:50:02. > :50:06.and starved of funding. Angry that many people can't get a home. Angry

:50:07. > :50:11.that our public services are being cut so that safety nets on which

:50:12. > :50:16.they rely are eroded. People quite rightly wanted something or someone

:50:17. > :50:20.to blame for that but, sadly, this was confused in the rhetoric of some

:50:21. > :50:25.of the referendum campaigns. They stirred up a hornets nest,

:50:26. > :50:29.scaremongering about migration rather than the core issue of why

:50:30. > :50:44.our economy wasn't working and how the EU affected that.

:50:45. > :50:51.Subtitles resume with Wednesday in Parliament at 11pm.