Oral Answers to Questions Debate
Full Debate: Read Full DebateWera Hobhouse
Main Page: Wera Hobhouse (Liberal Democrat - Bath)Department Debates - View all Wera Hobhouse's debates with the Department for Business and Trade
(1 day, 9 hours ago)
Commons ChamberI agree with my hon. Friend that gnats— I would not want to cast aspersions on any other kind, obviously—can be a terrible problem in Scotland.
The aviation industry in the UK is an important sector and is part of one of the key sectors that we have identified in the industrial strategy. We want to ensure that all our advanced manufacturing prospers. It was good to see significant extra investment in GE Aerospace in Nantgarw, made only the other day, and I am happy to meet my hon. Friend to see how we can drive forward our ambitions in the sector.
The Minister mentioned earlier the disaster of Brexit, and I will add the loss to the UK economy of £250 million a day in tax revenue, according to research from the House of Commons Library. We Liberal Democrats want the Government to focus on a golden opportunity to grow the economy by considering a new customs union with the EU. Is it not time that the Government look at a new customs union with the EU? We will be told that there are deals with India and New Zealand that would be in peril. [Hon. Members: “There are!”] Those are nothing compared with the lost trade with the European Union.
Far be it from me to agree with a Lib Dem but, broadly speaking, I do. The truth is, as the Leader of the Opposition has now admitted, Brexit was a self-inflicted shock—and not just a small shock. It is as if the Conservatives decided to throw the three-bar electric fire into the bath while it was plugged in and they were sitting in it. The hon. Lady is right: it is a 4% drop in productivity, a 15% drop in trade and a £100 billion hit to our GDP, and there are 16,000 fewer businesses now exporting into Europe. I am sorry but they are not Cinderella—instead, we are having to clear up the mess left by the ugly sisters.