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Part of Oral Answers to Questions — Prime Minister – in the House of Commons at 12:00 am on 15 June 2016.

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Photo of David Cameron David Cameron The Prime Minister, Leader of the Conservative Party 12:00, 15 June 2016

The hon. Lady is right. It is always the poorest and those with the least who get hit hardest if an economy suffers a recession. There are two ways in which the cost of living could be impacted. She is absolutely right that if we leave the single market and go to World Trade Organisation rules, tariffs will be imposed on the goods we sell to Europe, which would make us suffer. Also, if the pound falls, as many independent experts forecast, the cost of living rises, the cost of the family shop rises and the cost of the family holiday rises. She is right that it is not worth the risk. We should not risk it—we should keep our country safe.