Oral Answers to Questions

Debate between Lord Hammond of Runnymede and Gavin Newlands

Tuesday 2nd July 2019 Commons Chamber

[Mr Hammond]

I announced at the spring statement that it is the Government’s intention to conduct a three-year spending review concluding this autumn, subject to a deal with the EU being completed. Departments are already commissioned to carry out the work necessary for such a spending review, but it will be for the new Government to decide whether the circumstances make it appropriate to conduct a full three-year spending review or a single-year exercise.

[Gavin Newlands (Paisley and Renfrewshire North) (SNP)]

22. Mark Carney has warned that Brexit has already cost households up to £900, with the Fraser of Allander Institute suggesting that it could cost Scotland 100,000 jobs by 2030. Given that the Chancellor was a remainer himself, will he, as a Back Bencher—I wish him well in that, incidentally—vote against any deal removing us from the single market and customs union?

[Mr Hammond]

As I have consistently said in this House, I do not believe that a no-deal exit would be in the interests of this country, and I will do everything I can to ensure that we avoid it, but an exit based on a negotiated deal that allows us to continue a close trading relationship with the European Union can work for Britain, and that is what I will be arguing for.