The shadow Minister is trying to tempt me down paths I do not want to go down. We will have a plan. At the moment, the Government are focused on winning the vote on Tuesday and getting on with Brexit, as so many of our constituents want them to do. My hon. Friend the Member for Sutton and Cheam said that someone was bored of Brexit. I have used that phrase myself—not of me: I love Brexit and am fascinated by it, but a lot of my constituents want to get the ball rolling. They want to get on with wider political debate and to get on with their lives. They see that the deal is a way of getting to the finishing post of 29 March. Anything we do to jeopardise that would not only frustrate Brexit, but be a great abnegation of democracy.
The debate about our relationship with Europe will not end with our formal exit from the EU. There will be all sorts of ongoing discussions and debates about bits of the EU that we might want to pay into and others that we might not. That is the nature of democracy: we can debate it. It will not be set in stone, but we will have an evolving and, I hope, co-operative and fruitful relationship with the EU. However, we seek to close the question of membership of the EU and we will formally end it on 29 March.
People have talked about the money—the £39 billion. The figure of £35 billion to £39 billion has been quoted as a divorce payment. That is actually a small fraction of the £100 billion that we saw in the newspapers and the other huge amounts that were trailed across the media. Looking at our 46-year commitment to the EU, we see that £39 billion works out as four years of net payments to the EU—what I call the annual subscription.
The annual subscription in the 2014 to 2020 budget period was about £10 billion a year net, depending on how it is calculated. After the payment and the implementation period, we will not have to pay a penny piece. The golf club subscription, as one of my constituents once referred to it, will be over. We will not be paying into the common kitty to the tune of £10 billion a year. We will secure—we hope and confidently expect—a free trade deal. We will be able to co-operate with the EU, but our formal membership and the annual tribute or payment that we used to make will be over.
My last point is about sovereignty, which was raised by the hon. Member for Blackley and Broughton. People wanted to have a sense that they were electing to this
Parliament Members who would exercise the sovereign will of the British people and make our own laws. That is a fundamental point that cannot be captured in trade deals, money or economics; it is about fundamental independence and sovereignty. That was a big driver of the vote and this deal delivers it. I am pleased to speak on behalf of the Government in this debate. I congratulate my hon. Friend the Member for Sutton and Cheam on introducing it and I look forward to his concluding remarks.
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