Leaving the EU: No Deal

Owen Smith Excerpts

Wednesday 19th December 2018 Commons Chamber

[Chris Heaton-Harris]

I thank the hon. Gentleman for his question. I know that he has long-standing concerns about what would happen in the case of a no deal, but I can honestly say to him that the best way to mitigate, to stop that problem happening, is to vote for the deal that is on the table.

[Owen Smith (Pontypridd) (Lab)]

Will the Minister give way?

[Chris Heaton-Harris]

No. I shall continue with my speech for a moment, if I may.

As I said about 20 interventions ago, extensive work to prepare for a no-deal scenario has been under way for two years; it commenced under the stewardship of my hon. Friend the Member for Wycombe. For instance, we have already successfully passed critical legislation, signed international agreements, and guaranteed certain EU funding in a no-deal scenario. Further milestones will be reached and achieved in the coming days. Yes, Mr Deputy Speaker: this work continues, even during the recess period. Cabinet has now agreed to proceed with the Government’s next phase of no-deal planning. We have reached the point where we need to accelerate and intensify preparations, and this means we will set in motion our remaining no-deal plans, including finalising the international agreements and delivering the legislation we need.

[Owen Smith]

The Minister talks about accelerating the plans. Why does he not just acknowledge to the House that this is a £2 billion PR stunt? This has been completely exposed by my right hon. and learned Friend the Member for Holborn and St Pancras (Keir Starmer) on the Opposition Front Bench as a hoax: a sham exercise trying to blackmail this House. The Minister knows—his own Government have acknowledged it—that it would cost our country 10% of GDP, or £200 billion a year, if we proceeded down this route. He does not want to be a part of a Government doing that to our country, does he?

[Chris Heaton-Harris]

I thank the hon. Gentleman for his point. On the £2 billion he talks about, that is preparing for both leaving with a deal and without a deal. The Government have to prepare for both eventualities and plans are well developed.