European Council

Yvette Cooper Excerpts

Monday 23rd October 2017 Commons Chamber

[The Prime Minister]

It is absolutely right and important that business prepares for a smooth and orderly move to the future relationship we have. That is why I have proposed an implementation period, which I believe is in the interests of businesses not only in the United Kingdom but in the European Union. As my right hon. Friend says, we are working to get the good deal that will also be not just in our interests but in the interests of the EU27.

[Yvette Cooper (Normanton, Pontefract and Castleford) (Lab)]

Further to the Prime Minister’s answer to the right hon. Member for Chingford and Woodford Green (Mr Duncan Smith), the Secretary of State for Exiting the European Union said last week that

“a transition phase will be triggered only once we have completed the deal itself”—[Official Report, 17 October 2017; Vol. 629, c. 741.]

I understand that the Prime Minister’s spokesperson said today that an implementation period is

“a bridge to where you are heading. You need to know where you are heading.”

Will the Prime Minister clarify whether she is saying that if we have not agreed a long-term trade deal by this time next year, there will be no transition deal at all and Britain will end up on WTO terms by March 2019?

[The Prime Minister]

As I just said in my response to my right hon. Friend the Member for Chingford and Woodford Green (Mr Duncan Smith), an implementation period is about a period of adjustment to the future relationship. That is the basis on which I have put it forward to the European Union, and that is the basis on which we will be negotiating an agreement on it.