No-deal Brexit: Short Positions against the Pound Debate

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Department: HM Treasury

No-deal Brexit: Short Positions against the Pound

Andrew Jones Excerpts
Monday 30th September 2019

(4 years, 7 months ago)

Commons Chamber
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Simon Clarke Portrait Mr Clarke
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I could not agree more strongly with the right hon. Gentleman. Yes, the danger is less our leaving the European Union—it is more the Opposition entering Downing Street.

Andrew Jones Portrait Andrew Jones (Harrogate and Knaresborough) (Con)
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I congratulate my hon. Friend on his appointment. He is doing brilliantly in his first appearance at the Dispatch Box. He discussed bringing certainty to the markets by delivering Brexit. The main message that I hear from constituents in Harrogate and Knaresborough is that after three and a half years of talking there has been enough talking—why do we not just get on with it? Does he agree with them?

Simon Clarke Portrait Mr Clarke
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I thank my hon. Friend, who has been a distinguished holder of this office. He is absolutely right. There is in all walks of life a demerit to uncertainty. There is a real problem whereby we marched the country up to the top of the hill in the run-up to 29 March, then had to march down again. We are close to our projected exit date of 31 October. It would be really, really problematic for all those businesses that are making preparations, and in some cases stockpiling provisions as well, to keep going backwards and forwards on this question. The country voted to leave in 2016. It reaffirmed that by voting by over 80% for the two main parties that were committed to delivering on that result in 2017. We need to get on with the job. There would not be anything for people to speculate on if we could achieve certainty in the House.