Does not the President of the Board of Trade recall that his immediate predecessor in office calculated that entry into the Common Market would cost Britain £600 million a year in a deficit on the balance of payments, which figure has now risen since devaluation? Is it not scandalous that his Department should not publish a White Paper either confirming or denying this figure?
As my right hon. Friend said in yesterday's debate that import controls were not to be introduced because their introduction might prejudice our application to go into the Common Market, and as the imposition of import controls is a line which many of us think should be followed, does not he think that in the interests of our economy we should now withdraw the application and forget all about this nonsense?
Like many hon. Members in all parties, I think that the predictions made by the High Commissioner were somewhat alarmist in character. As to predictions about the future pattern of trade, one cannot make these with total accuracy for some years ahead. The position is that the facts which are known have been exhaustively published and discussed. What there is not agreement about are judgments and opinions as to the likely consequences.