Next Steps in Leaving the European Union

Philip Davies Excerpts

Monday 10th October 2016 Commons Chamber

[Mr Davis]

I recommend the hon. Lady reads the book, “Flash Boys”, because the major part of that fall was the flash crash. There are lots and lots of speculative comments that will drive the pound down and up and down and up over the next two and a half years, and there is little that we can do about it.

[Philip Davies (Shipley) (Con)]

May I ask my right hon. Friend to ignore those people on both sides of the House who cannot bring themselves to come to terms with the referendum result? Will he confirm that there are no such things as hard Brexit and soft Brexit? There is either Brexit or no Brexit. It is rather like being pregnant —a person is either pregnant or they are not pregnant. We are either in the European Union or out of the European Union. Being in the single market would mean keeping EU laws and the European Court of Justice making decisions. It would also probably mean free movement of people and paying into the EU budget. Does my right hon. Friend agree that that would be a betrayal of what the British people voted for in the referendum?

[Mr Davis]

Yes, my hon. Friend is right. That is precisely what is driving our negotiating strategy. Beyond that, I say this to him: the words hard and soft Brexit are designed to deceive. They are not meaningful in any way. We are talking about the best possible trade access. The Labour party does not understand the economics of that, but this party does. We are simply going to get the best outcome for this country, and that will be open trade.