Owen Smith: The Secretary of State knows that Airbus is one of Wales’s most important trading entities and companies, so does he think it is a good or bad sign that the chief executive of Airbus is so worried about the Government screwing up Brexit that he is now stockpiling goods that he feels he will not be able to get in to make his finished products?
Owen Smith: I appreciate what the Minister has said, but will he explain to the House why the Government are so loth to move formally to having direct rule?
Owen Smith: It is an unparalleled pleasure to follow the right hon. Member for East Antrim (Sammy Wilson). Unusually, I agree with quite a few of the things he has said. I definitely agree that it is a terrible shame that there are so few of us in the Chamber tonight, on our Benches and indeed on the Government Benches. Perhaps that is slightly more explicable today, given the events that have taken...
Owen Smith: My hon. Friend is absolutely right. That is one of the things that has apparently fallen into a black hole, because there has been no real explanation why the position has shifted from the situation under the previous Labour Government, when we had direct rule as a consequence of the collapse of politics in Northern Ireland. Under the current state of affairs, we effectively have direct rule,...
Owen Smith: That is a good point well made, and it applies not only to Northern Ireland, although it is particularly important there. Post devolution, the different constituent parts of the United Kingdom are becoming strangers, and there is all too often insufficient understanding of, or interest in, the differences in policy and practice between the different parts, which is not good for our democracy....
Owen Smith: Could the Chief Secretary to the Treasury reassure the House and the people of Scotland that they will not be paying more in fuel and alcohol duty after Brexit in order to fill the post-Brexit hole in our public finances?
Owen Smith: rose—
Owen Smith: I, too, warmly congratulate the Minister on his new appointment. He is making an excellent speech in which he is making a powerful case for the EU-Japan trade deal. I completely concur with the remarks of my hon. Friend the Member for Newcastle upon Tyne North (Catherine McKinnell) about Japanese trade’s importance to our economy. Will the Minister concede that he can offer no guarantee...
Owen Smith: Will my hon. Friend give way?
Owen Smith: Would he give way to a Labour colleague?
Owen Smith: Will my hon. Friend give way? [Interruption.]
Owen Smith: Will my hon. Friend give way?
Owen Smith: I am extremely grateful to my hon. Friend for giving way, and I am sure that the whole House is enjoying his exhaustive speech as much as me, particularly his looking through the parliamentary entrails of this issue. For clarity, is his position and that of our party now that we believe we could strike a better deal than the EU27 as a standalone nation after Brexit?
Owen Smith: In the light of the legitimate concerns expressed by global businesses such as Airbus, Siemens and BMW about the post-Brexit world, will the Secretary of State confirm that and remotely justify why his response was to say “F business”?
Owen Smith: This is another blatantly broken promise to the people of Wales, but I will leave that aside. The Secretary of State has given umpteen speeches talking about the need for this country to invest in new technologies and innovation and lamenting that we have failed to capitalise on great British ideas in the past. Does he not see the huge gap now between that laudable rhetoric and his short-term...
Owen Smith: The uncomfortable truth is that production output in Northern Ireland has fallen by 5% and foreign direct investment has fallen by 50%—both being the largest falls in any region of the UK. Does the Secretary of State put that down more to her Government’s complacency about the peace process or their reckless mishandling of the Brexit process?
Owen Smith: Perhaps it is because we are getting close to the wire on Brexit, but I think that there has been a new spirit of compromise and honesty in the debate and in many speeches that we have heard on both sides of the House today. I want to continue in that vein, so let me be clear that I remain a remainer—an ardent remainer. I would love this country to block, thwart, resist and reverse Brexit....
Owen Smith: My right hon. and learned Friend speaks truthfully and eloquently about preserving peace in Northern Ireland, and of the centrality of the border to that. He also says that in order to achieve that we must effectively be in a single market and a customs union. Does he accept that one of the concrete ways we might deliver that is to be in the customs union and the European economic area, which...
Owen Smith: What recent assessment he has made of the benefits for Wales of the UK leaving the EU.
Owen Smith: Some 67% of Welsh exports are to the European Union. Yesterday, the Office for National Statistics reported that manufacturing in our country declined by the greatest amount in the past five years, and Ernst and Young says that our exports are nosediving. How is Brexit going to help?