Brexit: Transition Period

Lord Lennie Excerpts

Wednesday 31st January 2018 Lords Chamber

Asked by

[Lord Lennie]

To ask Her Majesty’s Government what are their objectives for the Brexit transition period.

[The Minister of State, Department for Exiting the European Union (Lord Callanan) (Con)]

My Lords, both the UK and the EU are in agreement that a strictly time-limited period would be mutually beneficial. An implementation period forms a key part of a smooth and orderly exit from the EU. It would provide time for government, people and businesses to adjust to the new arrangements and prevent businesses in both the UK and Europe having to make decisions before they know the shape of our future partnerships.

[Lord Lennie (Lab)]

This not a bridge to a clear destination but a gangplank to thin air—I think that was the quote. Secretary of State David Davis said in evidence to the Lords European Union Committee this week that during transition things would not be exactly the same but very, very similar to what they are now. Will the Minister explain to the House what the very, very similar differences are that we can expect during the transition period?

[Lord Callanan]

The two main differences, and the reason that we need to construct an implementation period are, first, the ability for us to sign and agree trade deals with third countries, and, secondly, to agree and sign a trade deal with the EU, which is legally impossible as long as we are a member.