I agree with my hon. Friend that the proportions are different from the absolutes, but I fear that my hon. Friend’s Committee’s report was deficient, in my view, in an important respect. There is a counterbalancing point from the EU’s perspective, and that is that actually demonstrating that it causes great pain proportionately to the country that is doing it is regarded as a significant political, ideological and geopolitical advantage. We have no similar advantage, so the threat to our prosperity and the welfare of our people is the only issue that arises, whereas for the EU there is a positive advantage in a no-deal exit to be balanced against the absolute and proportionately much smaller effect on the member states’ economies. Again, my hon. Friend and I may differ in that judgment, but that is the judgment that we are asking the House to make, and I take the view that I have espoused.
In the light of the four facts—the slender chance of a deal being struck on the Government’s terms; the fact that this is Parliament’s last chance to block a no-deal exit on