Part of Oral Answers to Questions — Prime Minister – in the House of Commons at 12:00 am on 15 June 2016.
I will nick that soundbite—it’s a good one. The hon. Lady is right. If we leave the single market and the European Union, the Council President has said clearly that that process probably takes two years, and after that we will have to negotiate a trade deal with the European Union. If that trade deal is like Canada’s, it could take seven years. We are looking at a decade of uncertainty for our economy.
On the ceramics industry, I am advised by my Parliamentary Private Secretary, who before coming to this House did a worthwhile job of working in that industry—[Interruption.] He may not be spinning pots any more, but he is spinning for me very effectively. Last year we exported £38 million in porcelain and china to the EU. If we were outside the EU without a trade deal and had World Trade Organisation tariffs, there would be a 12% tax. I do not want us to hit British manufacturers, car makers and aeroplane makers. We should be investing in and supporting those industries, not making their situation more difficult, which Brexit would undoubtedly do.