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Leaving the Eu: Airbus Risk Assessment

Part of the debate – in the House of Commons at 3:37 pm on 25th June 2018.

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Photo of Kenneth Clarke Kenneth Clarke Father of the House of Commons 3:37 pm, 25th June 2018

Will my right hon. Friend explain to some of his Cabinet colleagues and others that it is simply not going to be possible to opt into most of the benefits of the single market and the customs union, while rejecting every trade rule and regulatory arrangement that the member states of the EU accept as part of that deal? Does he also agree that if, at the end of our negotiations, we start erecting new tariff barriers, new customs procedures and new regulatory divergences, it is perfectly obvious that we are going to deter inward investment from companies such as Airbus, BMW, Siemens and many others, with long-lasting damage to our economy?