Exiting the EU: Costs

Drew Hendry Excerpts
Wednesday 29th November 2017

(6 years, 5 months ago)

Commons Chamber
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Elizabeth Truss Portrait Elizabeth Truss
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The amounts of money we have read about in the press are speculation. The negotiations are ongoing and we want to secure value for money for the British taxpayer. It is in our interest to secure a long-term economic partnership with the European Union, but we will not pay over money until everything is agreed.

Drew Hendry Portrait Drew Hendry (Inverness, Nairn, Badenoch and Strathspey) (SNP)
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Page 25 of the Government’s brand new industrial strategy document states that the Government are seeking a transition—sorry, an implementation period—of “around two years”. Does the reported deal include provision to pay for an extended deal beyond two years?

Elizabeth Truss Portrait Elizabeth Truss
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The negotiations are taking place at the moment. We want to secure a reasonable transition deal, but we have to know what the future relationship will be like before we enter into the transition deal. The British public will not accept the can being kicked down the road. They want to know that we are leaving the European Union.