EU Exit: Scottish Economy

Scotland – in the House of Commons on 9th September 2020.

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Photo of Bambos Charalambous Bambos Charalambous Opposition Whip (Commons), Shadow Minister (Home Office)

What steps his Department is taking to assess the effect on the Scottish economy in the event that the UK does not reach a deal with the EU by the end of the transition period.

Photo of Iain Stewart Iain Stewart Government Whip

We left the EU on 31 January, and negotiations for a future trade partnership are ongoing. Over time, the economic benefits of departing from EU law will clearly offset any short-run and often hypothetical problems, and those benefits will be felt both in Scotland and across the UK.

Photo of Bambos Charalambous Bambos Charalambous Opposition Whip (Commons), Shadow Minister (Home Office)

Yesterday’s admission by the Northern Ireland Secretary that the Internal Market Bill would be breaking international law will make many countries question the trustworthiness of the UK’s trade negotiations and the reliability of any deals. What impact does this Minister think that will have on the Scottish economy?

Photo of Iain Stewart Iain Stewart Government Whip

I simply point the hon. Gentleman to the development today that will help the UK join the trans-Pacific trade partnership, which will benefit companies in Scotland and across the whole UK.