Leaving the Eu: Preparations

Part of the debate – in the House of Commons at 5:14 pm on 3rd September 2019.

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Photo of Michael Gove Michael Gove Chancellor of the Duchy of Lancaster 5:14 pm, 3rd September 2019

The right hon. Lady makes a very fair point, actually. The single biggest challenge in a no-deal exit is of course the existence of those tariffs—a requirement of the European Union’s single market rules. The common external tariff, which I just alluded to, is particularly high when it comes to the agricultural sector, and therefore, when it comes to exporting food into the European Union, that is a significant barrier. However, the temporary tariff regime that we are consulting on would ensure that in many cases tariffs were lower, in order to help business and consumers.

On the broader question about attempting to put a figure on the specific costs, that cannot be done in isolation, although I appreciate the sincerity with which the right hon. Lady asks that question.

More broadly, I would welcome the opportunity to talk to the right hon. Lady’s constituents about what we can do, because the Treasury is making money available for companies that are fundamentally viable but may face particular turbulence in the event of no deal, to ensure their survival in the future. I would be more than happy to talk to her about that.