Wes Streeting
Main Page: Wes Streeting (Labour - Ilford North)Department Debates - View all Wes Streeting's debates with the HM Treasury
(7 years, 5 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Philip Hammond
Yes, I have made it clear on many occasions that when we leave the European Union on 29 March 2019, we will also leave the single market and the customs union. Those are matters of legal necessity. My focus is on ensuring that thereafter we put in place the closest and deepest possible partnership with our European neighbours that will allow us to continue the patterns of trade and business, patterns of security co-operation and patterns of educational exchange and scientific and research collaboration that we enjoy now. That is the best way to protect Britain’s prosperity.
Wes Streeting (Ilford North) (Lab)
Unsecured borrowing has rocketed, and lenders warn that default rates on credit cards and other products this summer will be at their highest level at any point since the height of the financial crisis. Instead of simply passing the buck to the Financial Policy Committee, what are the Government going to do in public policy to alleviate the serious risk of a household debt crisis?