Oral Answers to Questions

Debate between David Davis and Tim Loughton

Thursday 9th March 2017 Commons Chamber

[Tim Loughton (East Worthing and Shoreham) (Con)]

The new owners of Vauxhall have suggested that the takeover will be good news for the UK motor parts supply chain post-Brexit. Is it not the case that far from multinationals being deterred from using the UK as a springboard into Europe within the EU, European multinationals will be using the UK as a springboard for exports to the rest of the world?

[Mr David Davis]

My hon. Friend is exactly right. The comments from the head of Peugeot were fascinating in what they show about what a business that is seeking opportunity can do. We are seeking to create the maximum possible opportunities for our own companies domestically and European countries that want to come here.