Leaving the EU: Economic Analysis

Stephen Crabb Excerpts

Tuesday 30th January 2018 Commons Chamber

[Mr Baker]

The hon. Lady makes a sobering and important point, which the Government have heard. I say to her that in all scenarios in this economic analysis, there is economic growth—the question is only: how fast? It is this Government’s task to ensure we achieve the fastest GDP growth and indeed the fastest GDP growth per head, which is why we have brought forward a comprehensive programme on productivity. Of course we are most concerned to ensure the prosperity of the people, not only of Northern Ireland, but of the whole of the island of Ireland and right across Europe. That is why it is in our mutual interest to agree a comprehensive and deep free trade agreement.

[Stephen Crabb (Preseli Pembrokeshire) (Con)]

Even though these forecasts do not look at the Government’s preferred outcome, does my hon. Friend not agree that the data they contain, however imperfectly, do underline the importance of building a bespoke deal around maintaining customs union-style arrangements and ensuring as great a level of access as possible to the single market?

[Mr Baker]

I agree with my right hon. Friend on most of his points, but, as I said in an earlier answer, we do not think remaining in the customs union, so that the European Union set our tariffs on imports, would be the right thing to do. We think that would be the wrong choice for the UK. It would prevent us from operating an independent trade policy and plugging ourselves into the rest of the world’s growth, where multiple authorities, including the European Commission, have admitted that 90% of the world’s growth will come from. So on that particular point I disagree with him, but on the rest of his arguments and, in particular, on the need, in our mutual interests, for a good-quality trade agreement, he is right and I agree.