EU Customs Union and Draft Withdrawal Agreement: Cost Debate

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Department: HM Treasury

EU Customs Union and Draft Withdrawal Agreement: Cost

Chris Leslie Excerpts
Monday 22nd October 2018

(5 years, 9 months ago)

Commons Chamber
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John Glen Portrait John Glen
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There is no expectation that this Government will seek to pay more money to the EU. We are in negotiation, as has been set out. We have made considerable progress. We have a small number of items to resolve, but the intention is to get the best possible deal for the British taxpayer in the national interest.

Chris Leslie Portrait Mr Chris Leslie (Nottingham East) (Lab/Co-op)
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Will the Minister break it gently to the right hon. Member for Wokingham (John Redwood) that, if we stay in the customs union and the single market—and, quite frankly, if we remain in the European Union—we will save our constituents that £81 billion that will be lost to them otherwise? That is not my calculation, but the Minister’s—the Treasury’s own calculations and forecasts from last December say that our constituents will be £81 billion worse off if we leave on the WTO terms of the right hon. Gentleman.

John Glen Portrait John Glen
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I have to say to the hon. Gentleman that I am not sure that my right hon. Friend the Member for Wokingham (John Redwood) has a lot of faith in the Treasury on this, so I feel there is little point in taking that figure back to him.