Taxation (Cross-border Trade) Bill Debate

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Department: HM Treasury

Taxation (Cross-border Trade) Bill

Baroness Morgan of Cotes Excerpts
Anna Soubry Portrait Anna Soubry
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In a moment.

The reality, which is faced in the White Paper, is that if we do not deliver frictionless trade in the way in which companies such as Toyota need and demand, they will simply not be able to operate. Some 81% of Toyota cars produced at Burnaston are exported into the European Union. And before anybody says, “Well, there will be new markets”—those unicorns that our Government will be chasing in new deals—please understand how the modern manufacturing industry works. Companies such as Toyota already make cars in other parts of the world to satisfy and supply the local market.

Baroness Morgan of Cotes Portrait Nicky Morgan (Loughborough) (Con)
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Will my right hon. Friend give way?

Charlie Elphicke Portrait Charlie Elphicke
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Will my right hon. Friend give way?

Anna Soubry Portrait Anna Soubry
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I will give way to my right hon. Friend the Member for Loughborough and then I will come down the row.

Baroness Morgan of Cotes Portrait Nicky Morgan
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Does not the intervention on my right hon. Friend made by our hon. Friend the Member for Gainsborough (Sir Edward Leigh) show what is the matter with this Brexit debate? Rather than talking about the detail and the risk to thousands of jobs across the country in our manufacturing sector—the Conservative party has championed that sector since 2010—he prefers to trade insults and trade on personalities.

Anna Soubry Portrait Anna Soubry
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Here is a surprise: I completely agree with my right hon. Friend.