Review of powers in consequence of EU withdrawal

Part of Finance (No. 3) Bill – in the House of Commons at 6:15 pm on 8th January 2019.

Alert me about debates like this

Photo of Kenneth Clarke Kenneth Clarke Father of the House of Commons 6:15 pm, 8th January 2019

I, too, extend my sympathies to my hon. Friend, who drew the short straw of responding to the debate. He is trying very eloquently to minimise the significance of the whole thing, but of course he realises there are big issues behind this. Can he tell us what contingency arrangements the Treasury has made for the fiscal impact of leaving with no deal, and its likely impact on our trade, our manufacturing industry and so on? He must concede that the published figures for future deficits, debts and so on will be made utterly meaningless if we leave with no deal, and a fiscal crisis will occur. Is the Chancellor planning the emergency Budget he will probably require?