Part of the debate – in the House of Commons at 12:46 pm on 29 June 2016.
I did look at the Foreign Affairs Committee report, and while I am not fully liberated and able to say what I think, I thought that the conclusions were—[Hon. Members: “Go on!”] I was thinking of a place in London close to Dagenham, but I won’t go there.
If we leave the EU and have no deal in place, the WTO tariffs involve 10% on cars, 12% on clothes and 36% on some dairy produce. It would not be a good outcome for the United Kingdom. I will look at the Foreign Affairs Committee report as we get this unit up and running and look at all the alternatives, but I really think that that would not be a good outcome for the United Kingdom. On the presidency, no decisions have been made.