Labour Members don’t seem to have caught up with the news that project fear isn’t working. Look at the opinion polls. The public don’t believe you any longer. Of course, the truth of the matter is that every single penny that is spent by the EU on all these great projects that we’ve heard catalogued this afternoon is our money. And, on top of that, we’re sending £10 billion a year to the EU that they’re spending elsewhere. That £10 billion could be added to all the projects that have been described today. The truth of the matter is that the EU is an economic dead-end. In 1980, it accounted for 30 per cent of world trade; today, it accounts for only 15 per cent and declining. The EU is the only part of the world—the only continent—that has had zero growth in this century, apart from Antarctica. All the other continents in the world have been roaring ahead. As regards trade between the UK and the EU, the idea that this is going to come to a stop if we were to leave after the vote on 23 June is just complete nonsense.

I don’t suppose that Labour Members have caught up with the other news this week that we had a £24 billion trade deficit with the EU in the first quarter of this year alone. That’s a £100 billion-a-year trade deficit. Why on earth would the EU want to erect trade barriers against us when they gain so much from trade with us, unless they’re acting irrationally? And if they are acting irrationally, why would we want to be shackled to people who are not rational? The whole thing is nonsense. Our exports to the EU in 2000 were 60 per cent of our total exports worldwide. Today, as Mark Isherwood has pointed out, they are only 44 per cent. That’s because the eurozone is a total disaster, and for those poor people in Spain, in Portugal, in Greece, in Italy and in France who see their countries going down the tubes, then it’s certainly no cakewalk for them because they are paying the price of euro madness.

The idea that we’re going to be excluded from European trade is just nonsense. Even if we came to no trade—