Article 50

Mark Pawsey Excerpts

Wednesday 29th March 2017 Commons Chamber

[The Prime Minister]

Constituents were asked on 23 June whether they wanted us to remain a member of the European Union, with everything that membership entailed. The majority of people throughout the United Kingdom decided to vote to leave the European Union. That has a number of consequences. I have been clear that we want to negotiate a comprehensive free trade agreement that will provide for continuing free trade between the UK and the European Union, but it will be a different relationship in future.

[Mark Pawsey (Rugby) (Con)]

I am sure there is no dishonour in being the last Member on the Government Benches to be called.

Last week, a new car factory opened in my constituency, with £300 million of investment to build a new hybrid London taxi. Will the Prime Minister ensure that her article 50 negotiations will enable the UK to continue to secure that kind of valuable and important inward investment?

[The Prime Minister]

My hon. Friend makes an important point. I am pleased to say that we have seen significant commitments to inward investment into the UK, not only in the automotive industry in recent months, but in things such as the SoftBank takeover of ARM Holdings. At the UK-Qatar business and investment conference yesterday, the Qataris committed to setting up a £5 billion fund for investment in infrastructure here in the UK. That is a real vote of confidence in the UK.