(6 years, 1 month ago)
Commons ChamberIf the hon. Gentleman is serious about automatically wanting to roll over all the agreements that the European Union has, I hope that he will vote for the Government’s motion next Tuesday, because that is exactly what would happen if we had a withdrawal agreement and a movement into the implementation period. All those agreements would automatically be safeguarded. He might want to think about that before he casts his vote.
Does my right hon. Friend agree that this deal will bring certainty for businesses by unlocking the investment that they are sitting on and that this is what we need for our future prosperity?
As the Chancellor said in his introductory speech this afternoon, it is widely acknowledged that when there is an agreement, there is potential for a dividend because investment that might be being held back because of uncertainty around Brexit could come forward. That is probably particularly true of domestic investment, rather than foreign direct investment, which I will come on to.
(6 years, 4 months ago)
Commons ChamberAs the hon. Gentleman knows, the Government have already published a number of papers in preparation for no deal. I have just left a Cabinet meeting, to which I shall return later, at which we are looking into that very subject. The best thing that we can do is to get an effective comprehensive trade agreement with the European Union so that all the countries of Europe—the EU27 and the UK—can continue to get the benefits of free and open trade.