Trade Bill - Committee (3rd Day)

Part of the debate – in the House of Lords at 4:30 pm on 30th January 2019.

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Photo of Lord Davies of Stamford Lord Davies of Stamford Labour 4:30 pm, 30th January 2019

The noble Lord is, once again, moving into the dangerous business of making elementary errors in the interpretation of statistics. Quite clearly, where we had a relationship with mature markets, as we did when we joined the single market, we were not going to have the same rate of growth in trade as we had with countries that were still very poor and were maybe just beginning to embark on international trade. A mature economy is not going to have the same rate of growth in trade as a newly emerging economy. It is an absolute falsehood to try to compare the two and draw the conclusions that he has drawn.