Taxation (Post-transition Period) Bill

Part of the debate – in the House of Commons at 3:46 pm on 9th December 2020.

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Photo of Toby Perkins Toby Perkins Shadow Minister (Education) 3:46 pm, 9th December 2020

My hon. Friend is absolutely right, but even the statistics that she refers to regarding the overall impact on the economy mask the absolutely catastrophic impact that no deal would have on individual businesses and individual industries. I had the pleasure of visiting the Toyota factory in Derby. No deal means that the entire purpose of that factory being based in Derby is under serious threat. Alongside those statistics about the overall impact, it is really important that we recognise that the situation is much worse than that for individual businesses and industries.