EU Exit Negotiations

Part of Government Overseas Aid Commitment: Private Investment – in the House of Commons at 5:14 pm on 9th October 2018.

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Photo of Dominic Raab Dominic Raab The Secretary of State for Exiting the European Union 5:14 pm, 9th October 2018

My right hon. Friend is certainly right to point to the countervailing opportunities that a no deal scenario would have, but it is only responsible to be very clear—as we have in our 77 technical notices and our wider planning—that the no deal outcome is sub-optimal because there are risks and short-term disruptions, including a buffeting to the UK economy and all those other things. I am confident that we could get through that, but it is by far and away a superior outcome to get a good deal with the EU that is good for the UK and for the EU, that preserves our trade and security co-operation, and that at the same time liberates us to trade more energetically with the growth markets of the world.