Mr Clegg is a clever chap, and a pragmatic one too, so when it comes to value of our trade with europe I have no doubt he is well aware of the declining importance it plays, if only because Osborne and Alexander will have sat him down for a little chat. However, he is bang in the middle of a gruelling battle to transform his party into something fit to govern the UK, and that requires that he doesn’t yank too hard on the baby-reins. At some point before the next election he will have to instil a more pragmatic form of enthusiasm for the EU that is able to reflect critically on its flaws, not least the damage that the doctrine of ever-deeper-union has done to public acceptance of the wider project. The uncritical europhilia that has been our Lib-Dem diet to date stems largely from the fear that without the shoulders of europe to stand upon the UK’s future is dark for we need europe’s might to keep; the money flowing, the barbarians from the gate, and to temper our anglo-saxon tendencies. Perhaps he needs to show his party this:
In the space of just ten years the value of our trade with europe vis-a-vis the rest of the world has slipped dramatically, and it has done so because europe is now a low-growth zone.