Part of the debate – in the House of Commons at 12:00 am on 8 April 1975.
Does not the right hon. Lady realise that if we withdrew in that situation over the broad area of industrial goods this country would really be in a free trade relation with both groups and, therefore, all we would be abrogating—[Interruption] Well, if hon. Members do not understand that they do not understand the basic facts. In that situation the onus would be on any other country to alter the status quoand take the initiative in raising tariffs against us. Does she really think that that is likely to happen?