Oral Answers to Questions

Matthew Pennycook Excerpts

Thursday 3rd May 2018 Commons Chamber

[Suella Braverman]

My hon. Friend raises an important point. All those who work at the Department for International Trade are highly focused on how we can forge better links with new markets and new partners through our trade envoys and working groups. This heralds a new beginning and new opportunities for our country; I cannot understand why the Opposition will not welcome it.

[Matthew Pennycook (Greenwich and Woolwich) (Lab)]

Research into the Government’s own EU exit analysis was carried out last month by the House of Commons Library, and it suggests that leaving the customs union and ruling out a new comprehensive EU-UK customs union will create new customs barriers that could cost the economy billions over the next 15 years. Does the Minister accept that assessment? If not, what does the Department now put the cost at?

[Suella Braverman]

That analysis does not represent Government policy—it does not assess the Government’s preferred objectives. We are working towards a free trade agreement with the EU that will be as frictionless as possible, so that our businesses can continue to trade with and sell their goods into the EU, and vice versa. That is going to be good for the economy, good for the hon. Gentleman’s constituents and good for the country.