I will be speaking today in Plenary, in Strasbourg, on the report on the EU’s Single Market penned by Conservative MEP Malcolm Harbour. This is what I plan to say:
Plenary Speech June 13th
I should like to thank our rapporteur, my good friend Malcolm Harbour, for his meticulous work. But he falls in to an error common amongst British Conservatives.
Challenged to find even one good thing to say about the European Union, most British Conservatives will cite the Single Market. They seem to believe that it’s a Free Trade Area, and they like free trade. But it’s not. It’s a Customs Union, and it’s a bureaucratic nightmare of regulation and red tape.
Years ago, Commissioner Verheugen estimated the cost of EU regulation at around 6% of GDP. Since then, it’s got worse, and this proposal today adds more burdens.
Mr. President, colleagues, I come to the House today with good news. It is possible to create growth, and jobs, and prosperity, and investment, and recovery, in Europe.
But to do so, you will need to do four things:
First, cut taxes.
Second, have a bonfire of the regulations.
Third, dismantle the reckless and failing experiment of Monetary Union.
And finally, adopt a rational energy policy and abandon your lunatic obsession with the myth of Global Warming.
But I fear that you will do none of these things, and you will condemn Europe to a future of decline, poverty and unemployment.