Clause 1

Part of Orders of the Day — European Communities (Amendment) Bill – in the House of Commons at 11:45 am on 27 June 1986.

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Photo of Dennis Skinner Dennis Skinner Member, Labour Party National Executive Committee 11:45, 27 June 1986

There, it has gone up. There is a £12,000 million deficit with the Common Market on manufactured goods. Yet those people have the temerity to come along, now that they have got us into this sludge, into this mess, into this mire, and say "Let us tell the British people that the only way to get out of it is to stop in the betting shop and back and back until all the money has gone." What a crazy thing to do.

Any sensible politician, or anybody in any walk of life, who runs into a hole would say, "Well, I must cut my losses." That is what the gambler does in the betting shop. He does not go in the next day, the next day and the next day, if he has any sense, because he knows that the bookie will win in the end. He cuts his losses. We are not cutting our losses today.