There is a role for Members of the European Parliament—I do not deny that—but that role has already been defined, in terms that keep it under some control. The problem is that, under the new arrangements in the treaty, the position will become significantly worse. The centralisation of the process of economic and monetary union is taking away from the voters the power to determine their monetary affairs. The decision-making on the raising of revenue and the dispensing of public expenditure, which will cascade all the way down from the decisions taken by the unelected, unaccountable bank, is directly contrary to the interests of the voters, who will not have the compensation of knowing that they will be properly represented in the European Parliament.
The voters in this country will be properly represented in this Parliament only if we ensure that the centralising arrangements, and economic and monetary union, do not come about. Once we can see that economic and monetary union is to take place, we shall put a lance through the heart of the democracy of this country and deprive the voters of the opportunity to exercise a meaningful choice when they freely elect the people who decide these matters in the House, as Ministers, on behalf of the electorate.