The uncertainty over Britain's EU membership is damaging growth

Conservative MP Robert Buckland says it is time for the UK to engage with the EU constructively.

For some politicos, the debate about the European Union (EU) seems to be a matter of abstract theories and dusty deliberation. For me, as a MP representing an area whose daily business often is within the EU, the reality is somewhat different. I hear from my constituents and local businesses about the problems and opportunities they are facing with their jobs, their household finances, their business prospects and our local economy. Swindon is an outward looking town with a diverse industrial base. For Swindon, read Britain.

We are an attractive country to invest in because we act as an outward-looking springboard into the rest of Europe. In discussions I have held with local businesses, both big and small, it is clear that even if certain regulations here and there from Brussels are inconvenient, the benefits of our access to the single market cannot be overestimated. Sadly, the uncertainty being caused by those flirting with withdrawal from the EU is having a measurable and negative impact. Nature abhors a vacuum: businesses are hedging their bets and not investing in case of an abrupt withdrawal from the EU and corresponding loss of access to the vast European market.

I understand the desire for a more trade-focused European Union. That is why I support the European Commission’s drive to sign new EU Free Trade Agreements (FTAs), such as the EU-South Korea FTA enacted in 2011. This is estimated to be worth £0.5bn to the UK economy, a remarkable figure. Notably, American efforts to sign a similar FTA with the South Koreans have faltered. Efforts by the EU are also underway to sign FTAs with Singapore, Japan and the USA. As the world has globalised, it has become clear that we cannot stand alone. We live in an age of regional power blocs and if we left the EU we would struggle to get a good deal-or even a deal at all-from vibrant countries like South Korea. This is without even mentioning the failure of the World Trade Organisation Doha trade talks, which means that other avenues must be considered.

There are some who have suggested that withdrawal would be the panacea to our current problems. There is no denying that the Eurozone crisis has had a negative impact on our national economy. However, we cannot avoid the impact of the Eurozone crisis by leaving the EU. We are embroiled in the fortunes of the continent and we are best placed inside the tent rather than waiting outside. I would also venture that the Eurozone crisis will also eventually end; it seems really quite reckless to disrupt our relationship with Europe when they are our largest trading partner, receiving 40 per cent of our exports, and will remain so for the foreseeable future. The reality is that we take the long view and remain engaged.

It is a shame that we have seemingly forgotten the pivotal role we have historically played in Europe. Britain has been involved in the affairs of our continental friends for many centuries, from the Congress of Vienna to the Maastricht Treaty. The values of the European Union are inherently British: freedom, democracy, the rule of law, equality and the respect for human rights. The single market, one aspect of the EU that even most Euro sceptics support, would not have been created without our influence. I am reminded of the words by John Donne’s words: “If a clod be washed away by the sea, Europe is the less”. The EU is better as a result of our presence, and we are better as a result of the EU. To put it bluntly, the EU constitutes the world’s largest market and our natural allies in an increasingly globalised, complex world.

Finally, I should note that I recognise a number of problems with our current membership of the EU. There are too many unnecessary regulations, excessive interference from Brussels and ‘gold-plating’ of regulations by Whitehall. I would like to see measurable steps to effect a change in these matters; however, this change will not be achieved by flirting with withdrawal. It is time for us to engage with the EU constructively, help them through this crisis and thereby shape its future in our own interests.

David Cameron gives a press conference after an EU summit last October. Photograph: Getty Images.

Robert Buckland is MP for South Swindon and chairman of the Conservative Party Human Rights Commission

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Commons Confidential: What happened at Tom Watson's birthday party?

Finances, fair and foul – and why Keir Starmer is doing the time warp.

Keir Starmer’s comrades mutter that a London seat is an albatross around the neck of the ambitious shadow Brexit secretary. He has a decent political CV: he was named after Labour’s first MP, Keir Hardie; he has a working-class background; he was the legal champion of the McLibel Two; he had a stint as director of public prosecutions. The knighthood is trickier, which is presumably why he rarely uses the title.

The consensus is that Labour will seek a leader from the north or the Midlands when Islington’s Jeremy Corbyn jumps or is pushed under a bus. Starmer, a highly rated frontbencher, is phlegmatic as he navigates the treacherous Brexit waters. “I keep hoping we wake up and it’s January 2016,” he told a Westminster gathering, “and we can have another run. Don’t we all?” Perhaps not everybody. Labour Remoaners grumble that Corbyn and particularly John McDonnell sound increasingly Brexitastic.

To Tom Watson’s 50th birthday bash at the Rivoli Ballroom in south London, an intact 1950s barrel-vaulted hall generous with the velvet. Ed Balls choreographed the “Gangnam Style” moves, and the Brockley venue hadn’t welcomed so many politicos since Tony Blair’s final Clause IV rally 22 years ago. Corbyn was uninvited, as the boogying deputy leader put the “party” back into the Labour Party. The thirsty guests slurped the free bar, repaying Watson for 30 years of failing to buy a drink.

One of Westminster’s dining rooms was booked for a “Decent Chaps Lunch” by Labour’s Warley warrior, John Spellar. In another room, the Tory peer David Willetts hosted a Christmas reception on behalf of the National Centre for Universities and Business. In mid-January. That’s either very tardy or very, very early.

The Labour Party’s general secretary, Iain McNicol, is a financial maestro, having cleared the £25m debt that the party inherited from the Blair-Brown era. Now I hear that he has squirrelled away a £6m war chest as insurance against Theresa May gambling on an early election. Wisely, the party isn’t relying on Momentum’s fractious footsloggers.

The word in Strangers’ Bar is that the Welsh MP Stephen Kinnock held his own £200-a-head fundraiser in London. Either the financial future of the Aberavon Labour Party is assured, or he fancies a tilt at the top job.

Dry January helped me recall a Labour frontbencher explaining why he never goes into the Commons chamber after a skinful: “I was sitting alongside a colleague clearly refreshed by a liquid lunch. He intervened and made a perfectly sensible point without slurring. Unfortunately, he stood up 20 minutes later and repeated the same point, word for word.”

Kevin Maguire is the associate editor (politics) of the Daily Mirror

Kevin Maguire is Associate Editor (Politics) on the Daily Mirror and author of our Commons Confidential column on the high politics and low life in Westminster. An award-winning journalist, he is in frequent demand on television and radio and co-authored a book on great parliamentary scandals. He was formerly Chief Reporter on the Guardian and Labour Correspondent on the Daily Telegraph.

This article first appeared in the 19 January 2016 issue of the New Statesman, The Trump era