Review of powers in consequence of EU withdrawal

Part of Finance (No. 3) Bill – in the House of Commons at 5:30 pm on 8th January 2019.

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Photo of Nicky Morgan Nicky Morgan Chair, Treasury Committee 5:30 pm, 8th January 2019

Trade deals are immensely complicated. While Members know how I voted in 2016, I accept that this country will be leaving the European Union on 29 March—with regret, I have to say, but I do accept it—but one of the debates that we have not even started to have is how the House is going to approach the approval of trade deals. I can tell my hon. Friend that this is a real worry to those who are going to be negotiating those agreements. We saw with the Transatlantic Trade and Investment Partnership just how politically contentious that agreement was, even though it did not even reach the House as an agreement. We are going to spend the next few decades in the House negotiating and approving trade deals, which everybody, for various constituency reasons, will have problems with.