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European Union (Withdrawal) Acts

Part of Prime Minister’s Statement – in the House of Commons at 12:11 pm on 19th October 2019.

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Photo of Keir Starmer Keir Starmer Shadow Secretary of State for Exiting the European Union 12:11 pm, 19th October 2019

I have given way many, many times. I am going to make some progress, and then I will give way again.

Of the two possible outcomes, one is this deregulated free trade agreement which in the end, whatever people say, will drive us away from the European economic model towards a different economic model. We will look back on this as a turning point in our history of much greater significance than whether this deal technically gets over the line tonight. The other possible outcome, which has been put to me in interventions, is that there is no deal at the end of the transition period, and that has to be significantly addressed. I know that some colleagues are tempted to vote for the deal because they believe that it prevents or removes the possibility of crashing out on World Trade Organisation terms. It does not. Under the previous deal, if the future relationship was not ready by the end of the transition, the backstop kicked in, which prevented WTO terms. That has gone. This is a trapdoor to no deal.

Let me quote the words of Mr Baron. I hope that I do so accurately, but if I do not, he will correct me. What I understood him to say was this:

“The reason I am inclined to vote for this one”

—this deal—

“is very simple…
if the trade talks are not successful…then we could leave on no-deal terms.”