Financial Crisis

Part of the debate – in the House of Commons at 3:36 pm on 20th January 2009.

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Photo of Kelvin Hopkins Kelvin Hopkins Labour, Luton North 3:36 pm, 20th January 2009

My right hon. Friend has talked about the great value of the single market. However, have we not been a dumping ground for continental European produce and had a gigantic trade deficit as a result? We have been able to deal with that only because we have been able to depreciate our currency. Has the single market not been a disadvantage to us, rather than an advantage?

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