Policy Implications of Leaving the EU

Part of Oral Answers to Questions — Work and Pensions – in the House of Commons at 12:00 am on 11th July 2016.

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Photo of Stephen Crabb Stephen Crabb The Secretary of State for Work and Pensions 12:00 am, 11th July 2016

The Department has clear plans in place for any significant increase in unemployment, whether in a particular local region or right across the UK. We have contingency plans for dealing with up-ticks in unemployment. However, we need to be really careful that we do not exaggerate the bad news that the hon. Lady might think is out there. There are opportunities for this country in terms of trade deals and of securing new investment, such as the investment from Boeing that was announced today. There are also serious risks and challenges, and we need to be clear-sighted and prepared for those.