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The Tory grandee, an ardent supporter of EU membership, reaffirmed the UK would join the eurozone, in turn adopting the bloc’s single currency – the euro.
Speaking to LBC, Lord Heseltine also claimed Theresa May’s Conservative party are facing a “generational challenge” to complete Brexit, because swathes of young voters share his enthusiasm for the Brussels political project.
When asked by host Iain Dale if he still believes Britain will still adopt the euro, the Tory peer replied: “Yes, I do.”
He also confirmed Britain could rejoin the EU despite leaving in March 2019, Lord Heseltine added: “If you look the great dilemma for the Conservative party, is if you look at the age groups.
Brexit news: Lord Heseltine claimed Britain could rejoin the EU after Brexit
I feel Brexit is a national disaster
“Whereas the elderly voters are pro-Brexit, once you get down in the new voters – the middle ages and below – then they are very anti-Brexit.
“It is a generational issue, and that is not politically convenient for my party.
“But yes, I’m absolutely sure that in future generations the absolute historic unescapable fact of our relationship with Europe will bear in.”
Lord Heseltine confirmed his fears for his party’s chances of remaining in Government, insisting Theresa May will struggle to fight off Jeremy Corbyn’s Labour Party if she continues to push forward with Brexit.
The Europhile admitted he wanted a new “singer and song”, alluding to the leadership of his party and their stance on Brexit.
When host Dale pointed out the fact that the next general election in the UK will be contested with Britain outside the European Union, Lord Heseltine said that might not be the case.
Lord Heseltine said it is “very possible we don’t” leave the EU, adding there are “two things” that will ensure Britain remains in the bloc.
He said: “One, public opinion changes in the light of events. It hasn’t done yet, I’m the first to say that, but I think it will.
“And, secondly, Parliament – which is the sovereign body of our country – just doesn’t have the stomach for it.
“There will not be a majority for it and a way will be found to stop the present Article 50 procedure.”
That process would require each of the 27 EU member states to vote unanimously to allow Britain to cease its Article 50 procedure, something Lord Heseltine believes they will do.
“They know perfectly well we are a major part of the European economy,” he said.
As the wide-ranging interview rumbled on, Dale asked Lord Heseltine if he felt let down by the Prime Minister’s insistence to fulfil the will of the British electorate.
The Tory grandee responded: “I feel Brexit is a national disaster…”