Leaving the European Union
Debate between Paul Blomfield and Damien Moore(5 years, 10 months ago)
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Damien Moore
The hon. Gentleman has mentioned the economy and the pound, but the pound is pretty much at the same level against the euro as it was in 2012, and people were not talking then about the economy crashing out.
Paul Blomfield
We could measure the pound at different points, but the hon. Gentleman will know that the pound has fallen since we took the decision to leave. That produced a short-term benefit in additional exports, although the consequences are now beginning to have an effect, because the component parts of many of those exports are now coming in at higher prices. We could debate these issues for a long time. However, I do not think anyone has yet argued successfully against my contention—the Chancellor’s contention—that no deal would be a disaster for the country. That, of course, is why Parliament has voted twice now against leaving without a deal.
After what happened with the phasing of the negotiations, the transition and the ridiculous mantra on no deal, we are here again, with article 50. Every time the Prime Minister is confronted with the growing reality that 29 March may not be a feasible departure date, she insists that we are still leaving. She seems to be in some sort of parallel universe, which is not occupied by many of her Cabinet. The Foreign Secretary said on Thursday that we might need some extra time. The Justice Secretary told The Daily Telegraph that he agreed, and it reported that nine Cabinet Ministers believe it, too. The ever-thoughtful Under-Secretary of State for Business, Energy and Industrial Strategy, the hon. Member for Watford (Richard Harrington), wrote yesterday that
“we have to grasp the nettle of an extended article 50 period”.
I shall be interested to know, when the Minister responds to the debate, which side of that argument within the Conservative party he is on.