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European Union (Withdrawal) Acts

Part of Prime Minister’s Statement – in the House of Commons at 11:25 am on 19th October 2019.

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Photo of Jonathan Reynolds Jonathan Reynolds Shadow Economic Secretary (Treasury) 11:25 am, 19th October 2019

Surely the crucial point of this new deal is that it offers Great Britain a fairly hard Brexit in order to facilitate trade agreements with countries for which European standards are incompatible. An economy cannot be a European-style economy and a US-style economy at the same time. The Secretary of State is not giving us an economic assessment to tell us what jobs and industries will grow on the back of this deal and what goods and services will be cheaper to compensate for loss of aerospace, automotive, financial services and so much more. He cannot tell us that today.