HMRC Impact Analysis: Customs Debate

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Department: HM Treasury

HMRC Impact Analysis: Customs

Madeleine Moon Excerpts
Tuesday 8th October 2019

(5 years, 1 month ago)

Commons Chamber
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Jesse Norman Portrait Jesse Norman
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I am grateful for the hon. Gentleman’s kind words about my book, but I cannot comment on remarks that may or may not have been made or rebutted on a media programme of which I know nothing.

Madeleine Moon Portrait Mrs Madeleine Moon (Bridgend) (Lab)
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Ford finally came up with its frustration in relation to a lack of customs union and single market and decided to close the engine factory in Bridgend, with 1,700 jobs lost directly at the plant and 12,000 across the south Wales economy. When I look at today’s report, I look with horror at what will happen to the small and medium-sized enterprises across my constituency. What assessment has the Treasury made of the impact of today’s report on SMEs in individual constituencies? Ordinary lives will be devastated, even more so in my constituency than they already have been.

Jesse Norman Portrait Jesse Norman
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The hon. Lady is absolutely right that any job losses are deeply regrettable, and I am sure she will be delighted that, in aggregate, this country has proven to be astonishingly adept at creating good new jobs over the past 10 years. With this impact assessment, I think I am right in saying that the detail is not available that allows for a constituency-by-constituency or even regional assessment, which is why it has been done in aggregate, based on the number of declarations that are expected and the cost per declaration. Of course, it may be possible for other entities to take the number of businesses that were expected to fill out declarations and produce impact assessments for the specific areas that they are concerned about.