Leaving the EU: Economic Analysis Debate

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Department: HM Treasury

Leaving the EU: Economic Analysis

Chris Bryant Excerpts
Wednesday 28th November 2018

(5 years, 5 months ago)

Commons Chamber
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John Bercow Portrait Mr Speaker
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The hon. Member for Manchester Central (Lucy Powell) has a particularly beguiling approach to seeking to be called, which is to show that she has a bigger and more enthusiastic smile than any other Member of the House.

Chris Bryant Portrait Chris Bryant (Rhondda) (Lab)
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We can all do beguiling.

John Bercow Portrait Mr Speaker
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We can all do beguiling, but—well, we will leave it there. Lucy Powell.

Lucy Powell Portrait Lucy Powell (Manchester Central) (Lab/Co-op)
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Thank you very much, Mr Speaker. I always thought that my teeth were one of my better features.

Chris Bryant Portrait Chris Bryant
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That’s why you take them out so often. [Laughter.]

Lucy Powell Portrait Lucy Powell
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Yes!

I suspect that the fairly candid approach today has actually hardened opinion on both sides of the debate. Given that, and given that the only really clear piece of advice that we get from this analysis is the catastrophic impact of a no deal, what action are the Government taking, legally and in terms of parliamentary procedure, to ensure that there will not be a no deal?

--- Later in debate ---
Mel Stride Portrait Mel Stride
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The hon. Gentleman is right to say that there are figures of that nature in this report, because it is an honest and open report about the implications of all the possible outcomes. However, we have to compare that with no deal, or with the EEA or an average FTA deal. We have negotiated with the European Union and we have to deal with politics not just as perpetual opposition but as the art of the possible and the art of doing a deal that will be good for this country, safeguard our economy and deliver on those things that the referendum result told us in 2016.

Chris Bryant Portrait Chris Bryant (Rhondda) (Lab)
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The trouble with the Government being in denial is that they just keep on denying that they are in denial until they go blue in the face. What we have learned today is that this Minister cannot read the writing on the wall, even when he has written it himself. The truth of the matter, when we boil this all down, is that the country will have to pay a price if Brexit goes ahead, and the people who will have to pay the most are the poorest in the land—my constituents. Should they not have the right to a final say on this?

Mel Stride Portrait Mel Stride
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This is now the sixth or seventh time that I have been asked whether we should have a second referendum. I shall just reiterate what I have said on each previous occasion. As the hon. Gentleman will know, we had a vote in 2016 and it had the largest turnout of any electoral event in this country’s history—[Interruption.] He rolls his eyes, but I think that fact is significant. It would be a betrayal of the will of the British people to now go out and say, “We didn’t actually like the answer you gave the first time, so how about a different answer this time?”