Leaving the EU: Airbus Risk Assessment

Emma Reynolds Excerpts
Monday 25th June 2018

(5 years, 10 months ago)

Commons Chamber
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Greg Clark Portrait Greg Clark
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The aerospace sector includes various components that do attract tariffs, and it is very important that we should have zero tariffs on all such components.

Emma Reynolds Portrait Emma Reynolds (Wolverhampton North East) (Lab)
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I am pleased that the Secretary of State is being sensible and listening to the concerns of business, unlike some of the disgraceful comments of his colleagues. Will the Secretary of State tell the House what assessment his Department has made of the impact on jobs and investment in the aerospace sector, and the impact not only on Airbus, but on companies in the supply chain, such as UTC Aerospace Systems in my constituency, of leaving the single market and the customs union?

Greg Clark Portrait Greg Clark
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The supply chain of Airbus and indeed of every company in the sector is pervasive right across the UK, and many employers—small and large—across many of our constituencies contribute to it. The hon. Lady asks about the impact of leaving the single market. The purpose of the negotiations in the months ahead is to make sure, as we leave the European Union and as we leave the single market—she knows that it is not possible to be a member of the single market and to be leaving the European Union—that we have an agreement that allows us to trade without frictions and without tariffs. That is our purpose, and it is what the Prime Minister has very clearly set out. It is within our grasp, and I am confident we will be able to achieve it.