New Partnership with the EU

Kerry McCarthy Excerpts

Tuesday 17th January 2017 Commons Chamber

[Mr Davis]

Yes, it is a really difficult one. My hon. Friend will know better than me that over the last 16 or 17 years, the balance of our exports to Europe and the rest of the world has almost turned around. It was about 60:40 in favour of Europe 20 years ago; it is now almost 60:40 the other way. That reflects the much higher growth rates in global markets than in the European Union. This is one of the opportunities arising from our exit from the European Union.

[Kerry McCarthy (Bristol East) (Lab)]

The Prime Minister has come up with this wish list and a threat of a scorched earth policy of slashing taxes and protections, and inevitably public services, if she does not get what she wants. Many of the Secretary of State’s colleagues would regard that as an ideal scenario—as the economic model that they would love to see implemented—so how will he square those things during the negotiations, and ensure that we hold out for the best deal, rather than this deal, which would be absolutely terrible for this country?

[Mr Davis]

It would help the hon. Lady if she read the speech with a slightly more impartial view. It says in terms that our preferred outcome is the freest possible open market with the European Union, as well as the rest of the world, and that is what we intend to achieve.