Exiting the EU: Costs Debate

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Department: HM Treasury

Exiting the EU: Costs

Hilary Benn Excerpts
Wednesday 29th November 2017

(7 years ago)

Commons Chamber
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Elizabeth Truss Portrait Elizabeth Truss
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My right hon. Friend is correct. It is irresponsible for Opposition Front Benchers to suggest that any deal is better than no deal. That is the way that we will not get our preferred option, which is an implementation period plus our preferred economic partnership. We are allocating £3 billion to ensure that we are prepared for all eventualities.

Hilary Benn Portrait Hilary Benn (Leeds Central) (Lab)
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The United Kingdom is currently a member of a large number of EU agencies, from that dealing with aviation safety to the European Medicines Agency. Have the Government made an assessment of the likely cost to the Exchequer of having to replicate all those functions and activities, if they eventually decide that we have to leave all of them because of their stated principled objection to the European Court of Justice having any jurisdiction over the United Kingdom?

Elizabeth Truss Portrait Elizabeth Truss
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I have been very clear with the House that we are preparing for all eventualities. Of course, looking at the specifics of those agencies is a part of that.