Exiting the EU: Costs Debate

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Department: HM Treasury

Exiting the EU: Costs

Tom Brake Excerpts
Wednesday 29th November 2017

(6 years, 8 months ago)

Commons Chamber
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Elizabeth Truss Portrait Elizabeth Truss
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I fear that my right hon. Friend is over-optimistic if he thinks we can stop Opposition Members from being miserable. We tried that over four days of Budget debate, but we have been unsuccessful so far. He is absolutely right to talk about the benefits of free trade for the British economy—I completely agree with him. We are seeking a good deal that benefits the UK in the long term.

Tom Brake Portrait Tom Brake (Carshalton and Wallington) (LD)
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At least £45 billion, higher inflation and debt, an extra year of cuts, and less influence in the world are the price that the Government are willing to pay for a deluded vision of Great Britain post Brexit. Is there any level of damage that the economy, jobs and families in the UK would have to sustain that would cause the Government to rethink and give the people a vote on the deal? That would be supported by the Liberal Democrats and Sadiq Khan, the London Mayor—and, as I understand it now, the shadow Home Secretary.

Elizabeth Truss Portrait Elizabeth Truss
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I see, regrettably, that the misery has spread to the Liberal Democrats; there seems to be a contagion on the Opposition Benches. I invite the right hon. Gentleman to welcome the fact that this country has the lowest unemployment in 40 years. We also have the third highest number of start-ups in the world—a record number for this country—and the other positive benefits that we are seeing due to the actions of this Conservative Government.