Oral Answers to Questions

Debate between David Davis and Daniel Kawczynski

Thursday 1st February 2018 Commons Chamber

[Mr Davis]

Let me say something on that as well. One of the things that the right hon. and learned Gentleman has been trying to pretend over the course of the last few days is that somehow my colleagues have been critical of the civil servants doing this job, because the outcome is as yet a work in progress—[Interruption.] That is what it is: a work in progress. I say that because we are trying to do something that is incredibly difficult. Every institution that has tried it has failed—[Hon. Members: “Answer the question!”] I am going to answer the question. Every forecast that has been made about the period post-referendum has been wrong. As I told the Select Committee, the Bank of England—the best forecasting organisation in the business—forecast for 2017 a reduction in exports, but there was growth of 8.3%. It also forecast a reduction of 2% in business investment, but it grew by 1.7%. It forecast a reduction in housing investment, flat employment growth, and growth of 0.5% versus 1.1% being the outcome. What has been going on is an attempt to find a way of getting a better outcome. In those terms, I talked to my own Department and the cross-departmental group in early January on this matter.

[Daniel Kawczynski (Shrewsbury and Atcham) (Con)]

T3. The Nord Stream 2 pipeline—the undersea oil and gas pipeline that Germany intends to build directly to Russia—has been condemned by the American Secretary of State, Rex Tillerson, as a threat to the security of countries in central and eastern Europe. Does the Minister agree with that sentiment?