European Union (Withdrawal) (No. 5) Bill - Second Reading

Part of the debate – in the House of Lords at 9:32 pm on 4th April 2019.

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Photo of Lord Liddle Lord Liddle Labour 9:32 pm, 4th April 2019

I am certainly not saying that. I am saying that you have to recognise the realities of the 45 years of the relationship. It is almost certainly impossible to walk away from that relationship—which is what no deal involves—without massive disruption in all kinds of spheres.

We have heard a lot tonight of evidence from the association of entrepreneurs—or something—that no deal will not do us any harm, but every respectable business organisation takes the view that no deal would be very damaging. We have heard a lot about the views of the noble Lord, Lord King of Lothbury. We have heard very little about the views of Mark Carney, the current Governor of the Bank of England, who was devastating in the Financial Times today in what he said about his predecessor and the rank foolishness of what he was proposing.