My hon. Friend makes a good point on the case for amendment 70 and the real motivations behind the Conservative campaign to get us out of Europe.
My right hon. Friend the shadow Foreign Secretary said on Second Reading:
“Any judgment about an in-out referendum on the UK’s membership of the European Union has to be based on what is in the national interest.”—[Official Report, 5 July 2013; Vol. 565, c. 1180.]
A formal consultation with the organisations listed in new schedule 2 could certainly help the whole House, and Conservative Members in particular, reach a more rounded consideration of the circumstances in which a referendum would be in the national interest. It is far from clear that on matters European the Conservatives are able to reach a rational judgment on what is in the
national interest, so consultation with a range of organisations beyond the 1922 committee may help us all.
We have heard from some Conservative Members about their dislike of the idea that business should be consulted formally. That is extraordinary: Conservatives turning away from business voices in this debate. Perhaps it is because one part of the business community, TheCityUK, last month published research into the views and mindset of captains of the financial services industry on the issues we are discussing in these amendments. It revealed that over 40% of those surveyed agreed that the prospect of a referendum on the UK’s membership of the European Union in 2017 has created an uncertainty that is affecting decisions in their business. Over a third said that it was likely that their firm would relocate at least some of its headcount from the UK to a location within the single market if Britain left the European Union. That is just one part of the business community.