While we await the conclusions of the European Council meeting and wonder what exactly David Cameron will emerge with, this article by Lord Lawson which appeared in yesterday’s Daily Telegraph (slightly amended here), sums up how far the Prime Minister has fallen short of his original objectives.
The Prime Minister has clearly failed to achieve his objectives, and the time has come for us to leave
In four months’ time the British people are likely to be asked to take the most important decision for the future of our country in their lifetimes. It is not about Europe as such. It is about whether we should remain within a deeply misguided and troubled institution known as the European Union. No one could have been clearer about the problem than David Cameron, in his Bloomberg speech three years ago, when he committed himself to securing a “fundamental, far-reaching reform” of the EU. He has conspicuously failed to do so.
He committed himself to ending the notorious ratchet, and ensuring that “power would flow back to the member states, not just away from them”. He has conspicuously failed on this front, too: not a single power is to be returned to the United Kingdom; and the doctrine of the so-called acquis communautaire, which holds that powers once transferred to the European Union cannot be taken away, remains firmly in place.
He also promised that whatever he did achieve in his negotiations would involve “proper, full-on, Treaty change”, without which they could not be legally binding. No Treaty change has been secured.
The Prime Minister cannot be blamed for the abject failure to achieve his objectives. The European Union is adamant against any change other than further integration. What is unacceptable is presenting the so-called concessions he does appear to have secured, which range from the wholly inadequate to the completely meaningless, as constituting success.
Let us have a look at them. He claims that he has secured a “red card” system to prevent new EU legislation that is damaging to the UK. Some red card! The draft agreement states that this will only come into play if and when more than 55 per cent of the EU wants it to – a highly unlikely state of affairs in the first place – and, even if it does, all that follows is that the presidency will put it on the agenda for “a comprehensive discussion”.
He claims to have addressed the serious problem of uncontrolled and uncontrollable levels of immigration by securing what he likes to call “an emergency brake”. Some brake! All that is provisionally agreed is an offer by the EU to allow us to bring in a temporary reduction in the level of some benefits (which no one who has studied immigration into the UK believes would make any significant difference, anyway). This is an offer which the EU would be free to withdraw at any future date – such as after a vote by the UK to remain within the EU.
And as for the City of London, and our ability to flourish outside the dysfunctional Eurozone, we are sternly told that we must “refrain from measures which [in their opinion] could jeopardise the attainment of the objectives of the economic and monetary union” and that “the existing powers of the Union institutions to take action that [in their opinion] is necessary to respond to threats of financial stability” remains untrammelled. We have been warned.
So what was presented as a drive for fundamental reform has turned into an exercise in damage limitation: how to limit the damage that EU membership inflicts on us. And even that has scarcely been achieved. The only way to end the damage is to leave.
As Chancellor, I became increasingly aware that, in economic terms, membership of the EU did us more harm than good. And that was before the arrival of European monetary union, which occurred after I had left office, and which has had such a disastrous economic effect on the EU.
But it is unsurprising that it brings no economic benefit, for the European Union has never been an economic project. It is has always been a political project, with a political objective which we in the UK do not share. That is the fundamental reason, above all others, why we must vote to leave.
That objective is the creation of a full-blooded political union, a United States of Europe.
That is what “ever closer union” is all about. As the 1983 Solemn Declaration on European Union makes explicit, this is not simply a union of the peoples of Europe but a wholehearted political union of the member states.
That is what monetary union is all about. The father of European monetary union was Jacques Delors, the former President of the European Commission. I knew him very well, since before he became President of the Commission he was France’s finance minister and my opposite number. He fully understood that you cannot have a workable monetary union without a fiscal union, and you cannot have a fiscal union without a political union. That was the object of the whole exercise.
Hence the proposal, in the European Commission’s so-called “Five Presidents’ Report” of June last year, for a single Eurozone Finance Ministry and a single Eurozone Finance Minister by 2025. This is clearly not right for us, and we must leave. Otherwise, although we have a notional “opt-out” from the political union, we will still be obliged to accept EU laws framed with this object in mind.
I have been asked “what, then, is your alternative to being in the European Union?” A more foolish question is hard to imagine. The alternative to being in the European Union is not being in the European Union. Most of the world is not in the European Union – and most of the world is doing better than the European Union.
So far as the detail is concerned, the morass of EU regulation, much of which is costly, unnecessary and undesirable, would become UK regulation, which we would then be free to accept, repeal or amend as our national interest requires.
Above all, we would become once again a self-governing democracy, with a genuinely global rather than a little European perspective. We would prosper, we would be free, and we would stand tall. That is what this referendum is all about.