(7 years, 2 months ago)
Commons ChamberBusinesses that are thinking about whether to invest here in the UK or overseas in the EU will be horrified to hear the Secretary of State glibly agreeing with the Prime Minister by saying that leaving on WTO terms would be fine. Will the Secretary of State take this opportunity to state that if we were to leave on WTO terms, the consequences for the car factory that my hon. Friend the Member for Wallasey (Ms Eagle) just referred to would be catastrophic; and doing so would be bad for us and for the EU?
Let us be clear. The aim of the Government is to get a free trade agreement and associated customs agreement. That is the aim, and that is the expectation. If that does not happen, it is not a catastrophe, but I would much, much prefer a free trade area and a customs agreement. That is what all the efforts of the Government in negotiation are going into.