I do not think my right hon. Friend has managed to do anything of the kind. What we have experienced is concessions dressed up as negotiations. The reality is that, although the single market, as my hon. Friend the Member for Suffolk. Central (Mr. Lord) said, is at the heart of the Single European Act, there are a number of peripheral matters and some increased political co-operation which I was prepared to go along with. However, there was nothing of the kind in this treaty.
The Minister will know that title II of the Single European Act, which deals—in brackets, I may add—with the words "economic and monetary union", is based on co-operation. These powers are carefully constrained. Were they not, and if the Minister were correct in his argument, there would be no need for this treaty and for this Bill. If they did everything that the Minister is now claiming for the Single European Act, we would have no need of this treaty. Then we would really be wasting our time.