EU Withdrawal Agreement

Part of Bill Presented – in the House of Commons at 2:44 pm on 18th December 2018.

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Photo of Owen Smith Owen Smith Labour, Pontypridd 2:44 pm, 18th December 2018

I am very grateful to the Secretary of State for giving way; he is being very generous. He says that he does not seek a no-deal scenario, and I completely take him at his word, but he equally says that a responsible Government are preparing for that possibility. Can he remind the House how big a fall in our GDP there would be if we went down that route? I recall that it is around 10%. That is about £200 billion per annum. Is it responsible to even countenance that? I do not think it is.