EU Customs Union and Draft Withdrawal Agreement: Cost Debate

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Department: HM Treasury

EU Customs Union and Draft Withdrawal Agreement: Cost

Catherine McKinnell Excerpts
Monday 22nd October 2018

(6 years, 1 month ago)

Commons Chamber
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John Glen Portrait John Glen
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It is important that we honour the decision of the British people and that we come out with an arrangement that gives us the optimal long-term relationship with the EU and also a chance to exploit the opportunities in the world economy beyond the EU, which is growing faster.

Catherine McKinnell Portrait Catherine McKinnell (Newcastle upon Tyne North) (Lab)
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Last October, I asked the Chancellor in the Treasury Committee whether the benefits of feasible future trade deals outweighed the costs of leaving the single market and the customs union. He could not give me a clear response. Is the Minister any closer to giving a clear response today?

John Glen Portrait John Glen
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Such an answer is dependent on so many conditions and the determination of what is in those trade deals, so I am sorry, but I cannot give a precise answer.