Exiting the European Union: Meaningful Vote

Debate between Seema Malhotra and Ian Blackford

Tuesday 11th December 2018 Commons Chamber

[Ian Blackford]

The hon. Gentleman is absolutely right. I know that many businesses throughout the highlands and islands are saying that they are particularly worried about their ability to attract labour. We benefit from the free movement of people, and the economic prosperity of the highlands of Scotland has been endangered by the wilful actions of this Government.

[Seema Malhotra]

Does the right hon. Gentleman agree that yesterday’s decision by the Prime Minister impacted not only on this House but on the markets and our economy? Investors have said that the pound experienced its worst day since the 2016 referendum, and that the Government had

“left investors completely in the dark about what happens next”.

Others went on to say that the delay was

“kicking the can further down the road”,

and that

“we would not be surprised if Brexit uncertainty—which we estimate has knocked 0.5 percentage points off growth since the referendum—starts to weigh more heavily on the economy.”

We can take this directly to the Prime Minister’s door.

[Ian Blackford]

I have to say to the hon. Lady that we should reflect carefully on what has happened over the past two and a half years. The pound fell right after the Brexit referendum, and it has been under pressure ever since. We know that the UK has fallen to the bottom of the G7 growth league over the course of the last couple of years, and that inflation has been higher. We also know that there has been an impact on people’s pockets, and that households are already an average of £600 worse off as a consequence. Each and every one of us has a responsibility to take the right actions to deliver sustainable economic growth. When the Government know, from each piece of analysis that they have conducted for all the scenarios, that people are going to be poorer under Brexit, they have a responsibility to be honest with people about the risks involved.