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Budget Resolutions - Amendment of the Law

Part of the debate – in the House of Commons at 6:56 pm on 13th March 2017.

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Photo of Geraint Davies Geraint Davies Parliamentary Assembly of the Council of Europe (Substitute Member) 6:56 pm, 13th March 2017

In the context of global free trade and, in particular, the judgment of the international financial markets, does the Foreign Secretary not accept that since 23 June our economy has slipped from fifth biggest to sixth biggest, and that those markets have deflated its value by 15%, which is why we have devalued and everyone’s wages and all our assets are 15% lower? That is not a success; it is a failure.