My Lords, as we near the end of lengthy deliberations over a long period, during which we have finally managed to leave the European Union, and now have to start to combat, economically, the greatest worldwide pandemic in many centuries—I do not think that is an exaggeration—I want to make a short contribution imploring the Government not to follow a tendency inbuilt in all Governments. When legislation has taken so long to put together and eventually receives Royal Assent, I implore them not to sit back and leave others to do the next stage. We in this country are good at appointing trade envoys to go out across the world but we are not nearly as good at taking the message inwards. If one thing strikes me more than anything else about what is needed with the
freedoms that come from leaving the European Union and the complexities of recovering, at some stage, the economy post the Covid pandemic, it is that we will need to engender two things that will not come automatically.
The first is an entrepreneurial spirit. It is easy for politicians to talk about that but, when industrialists, business people and workers have been anchored down for so long with the pandemic and will continue to be in some way for some considerable time, entrepreneurship will not simply emerge quickly from nowhere; it will need encouraging, facilitating and inspiring.
The second thing, as part of that, will be the need for a new social contract, to use an old term in a modern setting, post Brexit. If those who own and work in our businesses are not on the same wavelength, with the same motivations and moving in the same direction, that entrepreneurship will be severely hampered. The innovations will be concepts rather than delivered goods and services that boost our economy. The Government need to decide whether we will be an economy that trades cheap and cheerful or as the best in the world. That choice will be made in the next 18 months and will last for many years to come.
I implore the Government to go inward into our industrial heartlands of the past, taking the message of this Trade Bill about what trade means and re-establishing that social contract—the message that we are all in this together. The UK, with its new freedoms, will prosper and thrive if we do so on the basis of being the best, rather than the cheap and cheerful back end of the industrial world, I hope that Ministers from this department will take the lead in doing that.