Exiting the European Union

Owen Smith Excerpts

Monday 10th December 2018 Commons Chamber

[The Prime Minister]

My hon. Friend is absolutely right. In any negotiation, it is necessary to compromise; it is necessary to know what your vital interests are and to stick to them, but also to be willing to compromise in order to achieve those vital interests. It is for all of us to recognise the damage that can be done to our constituents if this House does not deliver on the referendum and do so in a way that protects people’s jobs and livelihoods.

[Owen Smith (Pontypridd) (Lab)]

Since the Prime Minister has been on her feet this afternoon, the pound has fallen to its lowest level since early 2017. The FTSE 250 has fallen to its lowest level for two years, as a direct consequence of the uncertainty caused by this failed brinksmanship. Is it not grossly irresponsible of the Prime Minister to tell the country that we do not know when we will have a vote on this and that this uncertainty may continue indefinitely?

[The Prime Minister]

Of course, people look at this House and hear people talking about the possibility of a second referendum or of a general election, all of which would increase uncertainty, increase division and increase the problems for this country.