Oral Answers to Questions

Debate between Stephen Gethins and Alun Cairns

Wednesday 18th July 2018 Commons Chamber

[Stephen Gethins (North East Fife) (SNP)]

9. What recent assessment he has made of the effect on the Welsh economy of the UK leaving the EU.

[The Secretary of State for Wales (Alun Cairns)]

Wales approaches Brexit from a position of strength with a growing economy and falling unemployment, and our plan for Brexit will allow us to shape our own ambitious trade and investment opportunities, putting Wales and the wider UK at the forefront of global trade.

--- Later in debate ---

[Alun Cairns]

The Government have committed to consult later this year on the UK shared prosperity fund, which will be a Brexit dividend. We are already seeing a Brexit dividend with the £20 billion increase in health spending, which will have considerable consequences for Scotland and, rightly, for Wales. As their budgets are protected, Wales, Scotland and Northern Ireland will benefit significantly from that.

[Stephen Gethins]

The Secretary of State’s answer directly contradicts the UK Government’s own analysis, which shows that Wales and every other part of the United Kingdom will be badly hit by their plans for Brexit. If the Government do have a plan for Brexit, we would love to hear it—and is there any economic analysis for it?

[Alun Cairns]

The hon. Gentleman ignores the hard data, which shows record numbers of people in employment and sharp falls in unemployment. I have met a whole host of international investors from the US, Qatar, Japan and elsewhere, and we are seeing significant foreign direct investment projects coming to the UK. That shows the great opportunities there are as we leave the European Union.