Lord Wolfson of Aspley Guise: Surely the most brutal form of leaving would be to leave with no deal at all. The problem with this amendment is that it does not say, “We should have another referendum on whether we stay or leave”. It says, “We should have a referendum on whether we accept the terms of the deal”. If we say we do not accept those terms, that does not mean we stay in the European Union. Article 50 is...
Lord Wolfson of Aspley Guise: My Lords, HS2 from a business perspective is a conundrum: a great idea, an inspiring vision and yet, sadly, a very bad investment. Of course there are manifest benefits, but they simply do not justify the costs. In his committee’s excellent report, the noble Lord, Lord Hollick, rightly asked why businessmen like me should not pay for the supposed benefits we receive from faster journeys on...
Lord Wolfson of Aspley Guise: My Lords, I also welcome the Minister and am pleased to see a fellow businessman on the government Front Bench. As a serving FTSE 100 chief executive, employing around 50,000 people, I declare a very real interest in this debate. For the past four years, the economy has felt like walking up the down escalator. You have to work very hard just to stand still, and with real effort you might just...
Lord Wolfson of Aspley Guise: My Lords, I congratulate the noble Lord, Lord Heseltine, on his excellent and energetic report. However, I should like to add a different perspective. In doing so, I declare an interest: I am the serving CEO of a FTSE 100 retailer that employs around 46,000 people. Our problem is not cash or the availability of funds; we generate £240 million more than we need to invest in the business or to...