Exiting the EU: Costs Debate

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Department: HM Treasury

Exiting the EU: Costs

John Redwood Excerpts
Wednesday 29th November 2017

(6 years, 5 months ago)

Commons Chamber
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Elizabeth Truss Portrait Elizabeth Truss
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When the hon. Lady stood up, I thought that she was going to thank the Government for the £2 billion additional spending power that we gave to the Scottish Government in the Budget, which they will no doubt be able to use to improve their public services. As I have said before—and, indeed, as has been pointed out by the hon. Member for Stalybridge and Hyde (Jonathan Reynolds)—talking about the money now would cut across the negotiations and prevent us from getting the best possible deal. That is not in anyone’s interests.

John Redwood Portrait John Redwood (Wokingham) (Con)
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I am glad that the Government have confirmed today that they are carrying on with comprehensive preparations for no deal, because it is very important that we are not up against the clock at the end and forced into a bad deal because we have no alternative. Will the Chief Secretary confirm that no deal has the great advantage of no payments whatever under the divorce bill heading, meaning that when the Government recommend a deal, it has to be visibly better?

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.