I have great respect for the right hon. Gentleman, but I suggest that he does not keep referring to the CBI. After all, it was the organisation that suggested that there would be dire consequences if we did not join the euro.
On the right hon. Gentleman’s wider point about trade, much smaller countries at the heart of Europe, such as Switzerland, do not just survive but thrive outside the EU on the basis of trade. I suggest that he reflect on that, because he is talking down our ability to negotiate trade agreements with the wider world, and doing so is not justified by the evidence or facts.