HMRC Impact Analysis: Customs

Part of the debate – in the House of Commons at 1:38 pm on 8th October 2019.

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Photo of Jesse Norman Jesse Norman The Financial Secretary to the Treasury 1:38 pm, 8th October 2019

No, I do not accept that at all. I think that it is perfectly clear that the Government remain very fixed on securing a deal. That is what these negotiations and discussions are about. At the same time, it is important to prepare for the possibility of no deal—no responsible negotiator would fail to have a walk-away position—and this quantifies those. As I have indicated, there are mitigations and dynamic effects that may well reduce their actual effect. In that context, this is wise planning and provisioning—plans that I hope we will never have to invoke.