Nissan: Sunderland

Iain Duncan Smith Excerpts

Monday 31st October 2016 Commons Chamber

[Greg Clark]

The hon. Gentleman started well, Mr Speaker, although I certainly have not been slapped down, up, sideways or any other way by the Prime Minister, I am pleased to say.

The approach I have set out to the House and stated previously simply reflects what I would have thought is common sense: in an area—we have been talking about the automotive sector—in which there are substantial exports that come from Britain to the EU and from the EU to this country and components go backwards and forwards, there is a clear common interest in having arrangements that are free of tariffs and the bureaucratic impediments I mentioned. So it seems to me that when we embark on any negotiation, it is about finding the common ground and having a positive volition so to do. That is what I set out and that is what I described to Nissan, and indeed would do to any other manufacturer. It is on that basis, along with the other points I have made, that Nissan felt able to make this fantastic investment not only in the north-east, but in the United Kingdom.

[Mr Iain Duncan Smith (Chingford and Woodford Green) (Con)]

The Prime Minister surely has not slapped down my right hon. Friend, but has slapped him on the back as a gesture of congratulations on a remarkable deal. I ask my right hon. Friend to come clean on one other issue he left off his list, which I am sure he mentioned to Nissan, however. He will have reminded Nissan that the UK outside the EU will be able to set its own new trade deals—and guess which car manufacturers will benefit from free trade deals with the rest of world.

[Greg Clark]

I am grateful for my right hon. Friend’s endorsement. As the Prime Minister said, we are going to make a success of Brexit, and we want every sector of our economy, including the automotive sector, not to be disadvantaged by Brexit, but to reap the benefits and be more competitive in the future.