EU Customs Union and Draft Withdrawal Agreement: Cost Debate

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Department: HM Treasury

EU Customs Union and Draft Withdrawal Agreement: Cost

Helen Goodman Excerpts
Monday 22nd October 2018

(5 years, 9 months ago)

Commons Chamber
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Helen Goodman Portrait Helen Goodman (Bishop Auckland) (Lab)
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The Government’s own statistics show that leaving with no deal would put unemployment in the north-east up to 20%. What is their calculation of the effect on unemployment in the north-east of leaving the customs union?

John Glen Portrait John Glen
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There are a range of assumptions around the implications of different scenarios. The Government seek to ensure that we minimise the downsides and maximise the upsides in the agreement that we come to. I recognise that significant industries in the north-east rely on certainty in that relationship, and that is why it is very important that we get it right.