Leaving the EU: Economic Analysis

Debate between Steve Baker and Emma Reynolds

Tuesday 30th January 2018 Commons Chamber

[Emma Reynolds (Wolverhampton North East) (Lab)]

We have learned today that the Government’s own analysis suggests that the economy will grow by less than 5% in the case of a UK-EU trade deal. That is people’s jobs and livelihoods. Will the Minister confirm that the Government’s negotiating position has been decided not on the basis of the economic evidence but on ideology alone?

[Mr Baker]

Let us not pretend that there is no ideology among those who wish to remain in the European Union, even at the cost of overturning a democratic decision, remaining in the EEA and surrendering democratic control and power. The figure to which the hon. Lady referred is wrong—it is not as she stated—but I do not propose now to walk through what is in the analysis which, as I have said, is currently a provisional draft and is not yet Government policy.

European Union (Approval of Treaty Amendment Decision) Bill [Lords]

Debate between Steve Baker and Emma Reynolds

Monday 10th September 2012 Commons Chamber

[Steve Baker]

People in the markets have a much shorter-term view than is generally suspected. They will always be grateful to know that there is a willing buyer with unlimited funds for whatever they are holding.

[Emma Reynolds]

I agree that they will be happy about that. That is why it is important that what the ECB president set out last week is carried through and supported by the eurozone Governments. It must not be seen as an announcement that will come and go. I believe that Mario Draghi and the ECB have set out important steps that have been needed for some time to provide a back-stop for the single currency.