(5 years, 9 months ago)
Lords ChamberI am grateful to the noble Lord, Lord Hannay, for paying tribute to the late Lady Thatcher and for reminding us of the work of the late Lord Cockfield, whom many of us remember. As regards what will happen to the rules for the future, that will depend very much on negotiations. Those negotiations will continue. I very much hope that we get a deal that is suitable to make sure that this company can continue to flourish. I am sure that it will continue to flourish, and will continue to flourish in Sunderland, irrespective of what happens.
My Lords, I echo the concerns raised by the right reverend Prelate, but in its statement Nissan specifically mentioned the uncertainty created by Brexit. Another factor too is the recent conclusion of the EU-Japan trade agreement, which will make exporting from Japan to the EU and vice versa cheaper and simpler. Yet that is an agreement that we risk being excluded from after 29 March. Can Nissan and the people of Sunderland be assured that we will not have a no-deal Brexit that will make an already worrying situation even more serious?