Former Tory chancellor Lord Lawson calls for UK to exit EU

The former chancellor of the exchequer, Lord Lawson, has called for the UK to leave the European Union.
He predicted any changes achieved by David Cameron's attempts to renegotiate the terms of the UK's relations with the EU would be "inconsequential"

But Downing Street said the prime minister remained "confident" that his strategy "will deliver results".

Mr Cameron is facing calls to bring forward a promised referendum on the UK's EU membership.

'Warm embrace'

He says he will hold a vote early in the next parliament - should the Conservatives win the next general election - but only after renegotiating the terms of the UK's relationship with the EU.

However, Lord Lawson said any such renegotiations would be "inconsequential" as "any powers ceded by the member states to the EU are ceded irrevocably".

The BBC's political editor Nick Robinson said Lord Lawson's intervention was a "big moment" in the EU debate.

 The peer - who was Margaret Thatcher's chancellor for six years - voted to stay in the European Common Market, as the EU was known in 1975, but said: "I shall be voting 'out' in 2017."

He said he "strongly" suspected there would be a "positive economic advantage to the UK in leaving the single market".

Far from hitting business hard, it would instead be a wake-up call for those who had been too content in "the warm embrace of the European single market" when the great export opportunities lay in the developing world, particularly Asia.

"Over the past decade, UK exports to the EU have risen in cash terms by some 40%. Over the same period, exports to the EU from those outside it have risen by 75%," he added.

Withdrawing from the EU would also save the City of London from a "frenzy of regulatory activism", such as the financial transactions tax that Brussels is seeking to impose.

Lord Lawson said his argument had "nothing to do with being anti-European".

"The heart of the matter is that the very nature of the European Union, and of this country's relationship with it, has fundamentally changed after the coming into being of the European monetary union and the creation of the eurozone, of which - quite rightly - we are not a part.

"Not only do our interests increasingly differ from those of the eurozone members but, while never 'at the heart of Europe' (as our political leaders have from time to time foolishly claimed), we are now becoming increasingly marginalised as we are doomed to being consistently outvoted by the eurozone bloc.

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Article source : http://www.bbc.co.uk