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Brexit could be catalyst for change for EU: Parliament member

Labour case to leave EU

The United Kingdom needs to take control of its own country and leave the European Union, which is a "dysfunctional organization," British Parliament member Kate Hoey said Friday.

In fact, a leave vote by the U.K. could be a "catalyst" for change if the EU "is going to survive at all," Hoey, British Labour Party politician, said in an interview with CNBC's "Power Lunch. "

"The United Kingdom is not alone in having problems with the European Union," she said. "We're seeing more and more growth of movements within the countries who … would quite like to have a referendum."

U.K. citizens vote next Thursday on whether the country should remain in the EU or leave. Recent polls have shown momentum swinging to the leave camp.

A Union Jack balloon outside the Houses of Parliament in London.
Luke MacGregor | Bloomberg | Getty Images

Hoey chalks that up to the fact that people have finally started listening to the arguments.

"We have really lost so much power from our own Parliament and … if we remain in the EU, we lose even more power," she said.

"We're the fifth largest economy. … We should be an independent free nation."

The problem, she maintains, is that the European Union has become a political structure that has gone from being supportive about things like worker rights, maternity benefits and other social issues to becoming more of a supporter of global corporations.

While a lot of the focus has been on how trade agreements will be affected, Hoey said it is about more than that.

"No one is against a trading relationship. We want to trade," she insisted.

"What is certain about leaving is that we then as the United Kingdom can control our own destiny and decide our own future in terms of our trading relationships. We will still be trading with the rest of the world. We are trading more now with the rest of the world than the EU."

Meanwhile, she's not giving much weight to what the markets or betting institutions are saying about the possible outcome next week.

"I'm not in the game of working out what the markets are saying. I believe in what people say."