Extension of Article 50 Debate
Full Debate: Read Full DebateDepartment: Department for Exiting the European Union
Lord Tugendhat
Main Page: Lord Tugendhat (Conservative - Life peer)Department Debates - View all Lord Tugendhat's debates with the Department for Exiting the European Union
(5 years, 1 month ago)
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Lord Callanan
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.
Lord Tugendhat (Con)
Does my noble friend agree that in some ways the collapse of Thomas Cook provides a dress rehearsal for what might happen in the event of no deal? A no-deal crash out would certainly be very damaging to this country but, as in the case of the Thomas Cook collapse, it would have reverberations all over Europe, leading to job losses and financial losses in all kinds of unexpected places.
Lord Callanan
No, I am afraid I would not agree with my noble friend that there is any parallel between the two events. The collapse of Thomas Cook, about which we are to get a Statement, is totally unrelated to Brexit and—