UK/EU Future Economic Partnership

Stephen Doughty Excerpts

Monday 5th March 2018 Commons Chamber

[The Prime Minister]

I am clear, and have said several times, that the relationship we already have with the EU is such that we are in a different position from Canada. We can have a free trade agreement and economic partnership that goes well beyond that which the EU negotiated with Canada.

[Stephen Doughty (Cardiff South and Penarth) (Lab/Co-op)]

The Prime Minister has admitted that life will be different, so does she now accept her own Government’s comprehensive analysis, which many of us have been to see in the Treasury? It shows that the gains from trade will be offset by the losses and that there will be a hit to our economy in every scenario that involves leaving the single market and customs union—with borrowing going up, austerity continuing and deregulation coming through—and if not, can she explain how on earth this is in the national interest?

[The Prime Minister]

The analysis I think the hon. Gentleman is talking about did not actually analyse the sort of arrangements we are talking about for our future economic partnership.