Exiting the EU: Costs Debate

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Department: HM Treasury

Exiting the EU: Costs

Philip Davies Excerpts
Wednesday 29th November 2017

(6 years, 5 months ago)

Commons Chamber
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Elizabeth Truss Portrait Elizabeth Truss
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That would be wrong according to accounting principles, because nothing has been agreed. The Office for Budget Responsibility followed the Prime Minister’s Florence speech in laying out its projections for the Budget. I suggest to the hon. Gentleman that he has misinterpreted those standards.

Philip Davies Portrait Philip Davies (Shipley) (Con)
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Will my right hon. Friend confirm that she agrees that the UK should pay the EU what we are legally obliged to pay—not a penny more and not a penny less? If so, will she make sure that, before this House votes on the final bill, we have an itemised account of exactly what we are paying for at the end, and also the legal basis on which we are making those payments? I have to say that the hon. Member for Bolsover (Mr Skinner) is absolutely right: if there is any spare money going at a time of austerity, it should be directed to our priorities in the UK; we should not give it as a bung to the European Union, which we are not legally obliged to do.

Elizabeth Truss Portrait Elizabeth Truss
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I can assure my hon. Friend that we are determined to get the best possible deal for the British taxpayer, and we need to look at the deal in the round to see what represents value for money. Absolutely, the money should be spent on our public services and on keeping taxes low for our hard-working citizens.