Review of powers in consequence of EU withdrawal

Part of Finance (No. 3) Bill – in the House of Commons at 5:15 pm on 8th January 2019.

Alert me about debates like this

Photo of Jonathan Reynolds Jonathan Reynolds Shadow Economic Secretary (Treasury) 5:15 pm, 8th January 2019

I thoroughly agree that what the Government have got us into is not a great negotiating position, but that is because the negotiations have been driven by the best interests of the internal politics of the Conservative party. If the national interest had been considered, we would be in a completely different place.

Trade can exist on WTO terms. It is not that the UK would somehow no longer be a trading nation, but that is not the test of good Government policy. The test is to consider the ramifications of that decision and to decide whether it is in the UK’s best interests, but I cannot believe that anyone would look rationally at what a no-deal outcome means and say, “I would find that acceptable for this country.”