Oral Answers to Questions

Patricia Gibson Excerpts

Tuesday 21st May 2019 Commons Chamber

[John Glen]

Clearly, the best way of avoiding a no-deal Brexit is to look favourably on what the Prime Minister brings back to the House of Commons in the week commencing 3 June.

[Patricia Gibson (North Ayrshire and Arran) (SNP)]

16. Brexit uncertainty is hurting firms across Scotland and the Bank of England has said that the Prime Minister’s deal could cut GDP by 3%. Does the Chancellor agree with himself, when he told Radio 4 in November last year that the deal will leave the economy “slightly smaller” and that in pure economic terms, there will be a loss?

[John Glen]

I will tell the hon. Lady what is causing great concern and instability in the sector that I am responsible for—life insurance and the pensions industry, which is thriving in Glasgow and Edinburgh—and that is the fear of the SNP leadership introducing a new currency.