Exiting the European Union: Meaningful Vote

Part of the debate – in the House of Commons at 2:59 pm on 11th December 2018.

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Photo of Seema Malhotra Seema Malhotra Labour/Co-operative, Feltham and Heston 2:59 pm, 11th December 2018

Does the right hon. Gentleman agree that yesterday’s decision by the Prime Minister impacted not only on this House but on the markets and our economy? Investors have said that the pound experienced its worst day since the 2016 referendum, and that the Government had

“left investors completely in the dark about what happens next”.

Others went on to say that the delay was

“kicking the can further down the road”,

and that

“we would not be surprised if Brexit uncertainty—which we estimate has knocked 0.5 percentage points off growth since the referendum—starts to weigh more heavily on the economy.”

We can take this directly to the Prime Minister’s door.