My Lords, I sense the mood of the House, so I shall be very brief indeed. Who knows, maybe it will set an example to others—but I am not holding my breath.
I shall focus exclusively on the issue of the European arrest warrant, which is at the heart of this matter. There is no dispute whatever that mutual extradition arrangements between us and our friends across the Channel are vital. The issue is that identified by my noble friend Lord Lamont of whether we would do better to rejoin the European arrest warrant—to opt back into it—or to negotiate bilaterally with the other member countries of the European Union, or the European Union as a bloc.
I have no doubt that on economic grounds alone, this country would be far better off outside the European Union. If that were the case, as I hope it will be in due course, then of course we will negotiate such bilateral agreements, as we have done with most of the other countries in the world. Some of those agreements are not so satisfactory but others are perfectly satisfactory, so that is what we would do. The question, as my noble friend, for whom I have very high regard, said, is whether we can do that while remaining within the European Union. My belief is that that is not an option and that—I may be mistaken—so long as we remain within the European Union, we have to opt back in to the European arrest warrant if we want mutual extradition arrangements, which are essential.
Can my noble friend Lord Faulks, who is an outstanding legal brain and knows everything far better than anybody else in this august House, say clearly and categorically whether the alternative proposed by my noble friend Lord Lamont is an option? If it is an option, why did the Government reject it or is it, as I sadly believe, not an option? I look forward to his reply.