Oral Answers to Questions

James Cartlidge Excerpts

Wednesday 21st November 2018 Commons Chamber

[The Prime Minister]

The hon. Gentleman says that these pension changes were “snuck out”, but that is not the case. This pension issue has been known of for, I believe, two years—it has been under consideration for two years—so it is not the case that this has been snuck out.

[James Cartlidge (South Suffolk) (Con)]

Q14. In all my time as a mortgage broker, I never once recommended to a remortgaging client that they should stick with the standard variable rate. They would have more freedom and they could leave the deal when they wanted without penalties, but it was bog standard and nobody ever wanted it. Given that my right hon. Friend is receiving representations to ditch her deal for World Trade Organisation terms, will she explain that, putting aside the worst-case scenario of no deal, in the very best-case scenario, WTO terms are bog standard, average terms, and far worse than the preferential tariff-free access we currently enjoy and which she has negotiated to maintain?

[The Prime Minister]

My hon. Friend is right to say that we want to negotiate a trading deal with the European Union that is on better terms than WTO terms, and many people across this House want to see the United Kingdom, as we will do when we have left the EU, negotiating trade deals around the rest of world that are on better than WTO terms. That is because we believe that that is best for the UK economy, and if we are negotiating on better than WTO terms with the rest of the world, it makes sense to be negotiating on better than WTO terms with the European Union.