Apart from the obvious unwisdom of this House trying to throw out or talk out a Bill passed overwhelmingly in the other place, on which my noble friend Lord Strathclyde spoke so eloquently and pleased so many of us, I have just two brief observations to make.
First, I noticed that the other day the very able Treasury Minister Danny Alexander MP was deploring the uncertainty here about the European Union and all the scepticism, argument and talk of actual withdrawal. He believed it was undermining investment in the UK. We have heard the same message here today. My view of Mr Alexander is that much of the time he talks a great deal of sense and is an extremely able Treasury Minister, but on this occasion I believe he and the party of which he is a member have got things completely upside down.
What is the best way to drain the uncertainty and doubts out of the system and end the bickering and difficulties that have gone on? Obviously, it is to have in due course, at the right time, a popular vote which will settle the matter for decades ahead, just as the previous referendum did in 1975. It may not be for ever as things change. The whole of Europe is changing, but it will certainly settle the matter for decades ahead. Anything which assists that outcome, such as this Bill, should be strongly supported, not opposed, by those who see themselves as good Europeans. If Mr Alexander and his colleagues in his party or, indeed, the noble Lord, Lord Mandelson, from whom we have just heard, want less uncertainty and a stronger investor commitment to this nation over the next decade, they should be supporting, not opposing, this Bill. Those who oppose the in/out referendum idea are really saying that they are in favour of more friction and continuing, unending uncertainty, precisely the conditions which turn off investors and weaken confidence. In the end I believe that in reality all the political parties, even our Liberal Democrat friends sitting here, will have to face that and commit themselves to a referendum.