Marcus Fysh
Main Page: Marcus Fysh (Conservative - Yeovil)Department Debates - View all Marcus Fysh's debates with the HM Treasury
(5 years, 2 months ago)
Commons ChamberI could wish that the right hon. Lady, who is widely respected across the House, had used her influence to bring Labour Members into the Lobby to support the deal that was offered—[Interruption]—and, still more, the deal that we are currently exploring, when that is placed before the Chamber. [Interruption.] The impact analysis is a careful piece of work that reflects dozens of statutory instruments that have been placed before the House. It is a composite of all the impact assessments in place, and should be seen as such. Before Members become too enervated, they should reflect that although the number has gone up somewhat, the unit cost of a declaration has not gone up. The increased number reflects the increase in trade in the last couple of years, and in the period to 2017, which is interesting, because it does not look as though trade has been headed off by the threat of Brexit.
I welcome the Government’s extensive work to get businesses and us ready to leave at the end of October, and particularly the facilitations and easements, which can substantially reduce the amount of money lost in these sorts of transactions; that has to be the way forward. The cost is much lower than those in the Treasury’s forecasts thus far.
My hon. Friend is right to point out that although there is a cost, we do some £275 billion-worth of trade with the EU; we should see this in that context. As I say, the figures are before we take into account any behavioural change, either by UK exporters and hauliers or importers, or by the EU, and should be seen in the wider context of the liberalisation that we expect to occur after Brexit.