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Amendment 4

Part of European Union (Withdrawal) (No. 5) Bill - Committee – in the House of Lords at 3:13 pm on 8th April 2019.

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Photo of Lord Howarth of Newport Lord Howarth of Newport Labour 3:13 pm, 8th April 2019

My Lords, we should be grateful to the noble Baroness, Lady Neville-Rolfe, for her amendment and for inviting us to consider the issues she identified. Any damage our economy is experiencing at the moment is on account not of the people’s decision in the 2016 referendum but of the highly protracted process and continuing uncertainty that is paralysing economic decision-making, particularly in investment and consumer decisions. The noble Baroness is absolutely right: we need the best objective assessment available as to the damage that the continuation of this uncertainty would cause. The proponents of a long extension of Article 50 must address the question of their responsibility for the continuing economic damage that would result.