Review of powers in consequence of EU withdrawal

Part of Finance (No. 3) Bill – in the House of Commons at 5:45 pm on 8th January 2019.

Alert me about debates like this

Photo of Yvette Cooper Yvette Cooper Chair, Home Affairs Committee 5:45 pm, 8th January 2019

I am not drawing on macroeconomic predictions about the overall impact on the economy, although I note that there are predictions of a 9% reduction compared with the level at which we might otherwise be. I am actually focusing on the microeconomic impact on individual businesses across the country of simply seeing those costs go up. That is a real impact of the tariffs. It is not about confidence, levels of investment and so on; it is about the real impact of those costs on consumers, manufacturers, exporters and importers that is the real consequence of WTO tariffs.