(5 years, 1 month ago)
Commons ChamberIf hon. Members hang on a second, I will deal with this. No economic impact assessment whatsoever has been made or presented to this House. At the very least, this House should have that assessment and that expert advice in order to scrutinise the Bill. The Chancellor of the Exchequer does not seem to think it is relevant that this Bill and their deal need that kind of scrutiny—even more so in the light of today’s dire public finance figures.
My right hon. Friend is absolutely right that there has been no economic impact assessment of the Bill, so many of us have to rely on the impact assessment of the previous Prime Minister’s withdrawal agreement, which showed a detrimental impact on the north-east to the degree of 7% of our GDP. How can that be justified to our industry and manufacturing in the north-east, which are already so far behind the rest of the country?
Indeed. My hon. Friend represents a constituency that has suffered grievously from the Tory Government’s industrial non-strategy. SSI Redcar was closed down, and there are huge issues for manufacturing investment across her region and across her constituency. This House knows full well—and if Conservative Members cared to listen, they would know full well—that this proposal will damage manufacturing industry and therefore jobs, particularly in the north-east, which is the only part of the country with a manufacturing surplus on trade with Europe and the rest of the world.