Bill Cash: I support the Gracious Speech, except the proposal for a Bill on HS2, which I shall oppose, as I have done so far. I will support my constituents relentlessly on that matter. I turn to Brexit. [Laughter.] What a surprise! Leaving the European Union is a given, even for my right hon. and learned Friend the Member for Rushcliffe (Mr Clarke). It follows that we will leave the single market and...
Bill Cash: That is a terrific question to which I shall return emphatically in a few minutes. The basis of my hon. Friend’s argument is completely wrong, as I shall explain in a moment. The reckless spending alternative—the false alchemy of the Labour manifesto—would, in contrast with the Government’s economic success, simply bankrupt us and wipe out our success, as the Institute...
Bill Cash: I am most grateful to my hon. Friend; I am determined to get through what I have here. In the context of the City and financial services, there is so much for us to learn from the experience of the European Free Trade Association and its jurisdictional relationships with the European Court of Justice. These provide guidelines and lessons to be learned in achieving mutual respect while...
Bill Cash: I just wondered, in the light of the extremely sensible remarks that my right hon. and learned Friend has made so far, whether he would follow up what he said on television at the weekend about not really seeing any reason why we should not stay in the single market. I think he said that he thought we should not leave the single market or the customs union. Does he want to say that now in the...
Bill Cash: I just wonder whether the hon. Gentleman has factored the Barnett formula into the description that he has given of the finances in Scotland. Given that there is such a catastrophe in the Scottish finances at the moment, is the SNP still insisting that the Barnett formula has to be applied?
Bill Cash: I commend my right hon. Friend for the clarity and thoughtful analysis that lie behind the White Paper. With the great repeal Bill, we will be returning sovereignty to this House so that decisions about our lawmaking are taken in this House by the representatives of the British people, in line with their wishes at general elections. That it is not—I advise the Opposition to bear this in...
Bill Cash: The Leader of the Opposition’s remarks were breathtaking. For decades, from Maastricht onwards, he voted with us over and over and over again. Today is an historic day indeed. Can my right hon. Friend reaffirm that at the very heart of this letter lies the democratic decision of the referendum of UK voters given to them by a sovereign Act of Parliament by six to one in this House,...
Bill Cash: My second petition relates to the No. 31 bus service to Cheadle from Hanley in Stoke-on-Trent and has also been signed by a significant number of my constituents. The petition states: The Petition of residents of the constituency of Stone in Staffordshire, Declares that the No. 31 bus service to Cheadle from Hanley should not be withdrawn. The Petitioners therefore request that the House of...
Bill Cash: I have two petitions, the first of which is a petition signed by many residents of the Stone constituency in relation to the Women Against State Pension Inequality Campaign. The petition states: The Petition of residents of Stone, Declares that as a result of the way in which the 1995 Pension Act and the 2011 Pension Act were implemented, women born in the 1950s (on or after 6 April 1951)...
Bill Cash: I congratulate my right hon. Friend not only on her statement and the way in which she dispatched the Leader of the Opposition, but on the passage of the European Union (Notification of Withdrawal) Bill. Does she accept that now is the time for the UK to do all the things that she has recommended in her statement and, in addition to that, to take urgent legal advice in respect of the legal...
Bill Cash: First, this is a very simple Bill that is merely about notification and triggering. It is as simple as that. Secondly, the plain fact is that judicial review, which my right hon. Friends the Members for West Dorset (Sir Oliver Letwin) and for Forest of Dean (Mr Harper) dealt with so well, would be a gift to the courts and the lawyers. It really is completely inappropriate. My third point is...
Bill Cash: I entirely agree with my right hon. Friend, and there is a further point. When it comes to the competing legislation at that point, it would be a question for the courts to consider whether or not the provisions in the Lisbon treaty that dealt with the question of article 50 had somehow been qualified, amended or repealed by a subsequent enactment.
Bill Cash: I am glad that the Government will consider the matter carefully, and that it is clear from this debate that everyone accepts the need to examine the issue rigorously, as so many have urged on me since I introduced the proposals. We look forward to that further examination, which may well be on the Floor of the House. I do not have time to go into all the details of the essential questions...
Bill Cash: Will the hon. Gentleman give way?
Bill Cash: I beg to move, That this House has considered the future of the London Stock Exchange. It is a pleasure to serve under you, Mr Hollobone. I have brought this matter for debate because the proposed merger between Deutsche Börse and the London Stock Exchange raises issues of national interest and, in my opinion, it is a slam dunk that the merger is not in the national interest. The London...
Bill Cash: There is severe detriment to our national interest in allowing a merger of that kind when the London Stock Exchange and its group are the jewel in the crown of the City of London. Any merger raises matters of national interest such as, first, financial stability and UK taxpayer liability. The merger would create a new financial market infrastructure group controlling, inter alia, about 90% of...
Bill Cash: As I have said, the withdrawal Bill is quite clear. We will leave. That means that we will be insulated from the catastrophe that could occur if the eurozone collapsed. I could enlarge that point, but I will not for the time being. There is another statutory requirement to ensure the principle of the desirability of sustainable growth in the UK’s economy in the medium or long term....
Bill Cash: I was against the merger before Brexit, and I have become even more so since. I emphatically repeat my view that it is against the national interest, and I will not in any way resile from that point. This deal would operate against the UK’s national interest in several ways. For example, the driver behind the merger is to consolidate as much market activity across the whole value chain...
Bill Cash: I congratulate my right hon. Friend on his great speech, but I want to ask him one question that goes to the merits of the new clause. It says that the Prime Minister “shall give an undertaking”, which is clearly a mandatory requirement under statute, and which itself calls for judicial review if somebody decides to do that. However, in all my time in this place, I have never...