(5 years, 1 month ago)
Lords ChamberI accept that the Liberal Democrats are quite open about the fact that they want to dishonour the result of the referendum; if only the Labour Party would be more honest, we might have more of a debate on the subject. We have accepted that there will be costs involved in honouring the referendum result and leaving the European Union. We are doing our best to mitigate those effects.
My Lords, the Minister talks about risks as well as the efforts to mitigate them. What will the Government do to support households on low incomes, particularly low-income families, if food prices rise? Will they raise benefits to support low-income families should food prices rise significantly after a no-deal Brexit?
This is an area that we shall have to look at if there is a fiscal event organised by the Chancellor later this year. The economy, however, is in great shape: we have unemployment levels that the Labour Party would have been proud of if it had been in office, the lowest unemployment for 40 years and the strongest level of growth over the past few years—even since the referendum result that Labour was always telling us would be such a disaster. Many European countries would give their hind teeth for the UK’s economic performance and unemployment levels.
My noble friend makes some good points. We have put a huge amount of work in to make sure that traffic continues to flow freely through the Channel ports.
With the leave of the House, can I press the Minister a little further on the impact of a no-deal Brexit on low-income families in particular? I recognise the Government’s great achievement in achieving such a high rate of employment, but as a member of the All-Party Parliamentary Group for Children, I have been examining for several years the impact of the cuts in local authority funding on families with low incomes. Many of the essential services that support low-income families have been lost; they have carried a heavy burden through the years of austerity. Can the Minister please look carefully, as far as he can, at mitigating any adverse impact, particularly of possible significant food price rises?
I thank the noble Earl for his persistence in this matter. He is quite right to raise these important issues, and I commend the work he has done in this area. We will of course keep this matter under review, and will certainly look closely at any appropriate mitigations.
(5 years, 1 month ago)
Lords ChamberI can see that noble Lords today have a great fondness for the work of the international post office. We will abide by the law.
My Lords, should there be no deal agreed by 31 October, is the Minister aware that there is considerable concern about families on low incomes who may be faced with increased prices on staple foods? Have the Government carefully considered the possible adverse impact on those families and do they have clear plans to ensure that these families are not adversely impacted by a no-deal Brexit?
We have indeed given extensive thought and consideration to all the possible impacts of no deal. If the noble Earl wishes to stick around until later this afternoon, we will be updating the House further.