New Partnership with the EU

Alec Shelbrooke Excerpts

Tuesday 17th January 2017 Commons Chamber

[Mr Davis]

Having explained earlier how I got the job by being oleaginous to the boss, I think answering that question would lose me the job because that is a matter for the Home Office. As I said earlier in answer to other questions, the right hon. Lady can be sure that the operation of the immigration policy after we depart the European Union will be in the national interest. That includes in the interest of our incredibly powerful and effective university sector.

[Alec Shelbrooke (Elmet and Rothwell) (Con)]

As the shadow Minister said, this is not a hard Brexit and nor is it a soft Brexit. This is a plan for Britain on Brexit. The pound is up almost 3% since the Prime Minister’s announcement this morning, so I urge my right hon. Friend not to give in to the voices opposite who want a constant commentary, but to carry on the very clear strategy, laid out since he took the post, of making announcements when there is something to announce. The markets today prove that that stability works.

[Mr Davis]

I am slightly loth to pin the entire effectiveness of the strategy on the currency markets, although I have to say that the two speeches have managed to move the pound by a total of 5%. I have made more money on that than in the rest of my entire industrial career! But I take the point. This is a very important issue and we must not give a running commentary on it. However, the Opposition had a point: clarity is worth while and that has been demonstrated today.