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I will give way in just a minute.
There would be obvious consequences for our public services, for businesses, for food and environmental standards and for workers’ rights. I know that for some Members that has always been the key purpose of Brexit, but it would be profound, because we would move away from a European-style economy with a level playing field underpinned by strong rights and protections, to a different economic model based on deregulation, low tax and low standards. In short, we would end up with an arm’s length relationship with the EU and would be hand in hand with the United States. That is not something that the Opposition will ever countenance.