EU Exit: Article 50

Barry Sheerman Excerpts
Monday 10th December 2018

(5 years, 4 months ago)

Commons Chamber
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Steve Barclay Portrait Stephen Barclay
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It was a good attempt to shoehorn the indyref debate into the one on this referendum, but the reality is that the hon. Gentleman’s party lost in that referendum. That is why it is a UK decision and the referendum in 2016 was on the basis of a United Kingdom decision. He might not like democracy—he might not like the way the vote goes—but unfortunately his side lost in 2014. One would have thought that he might have come to terms with that four years on.

Barry Sheerman Portrait Mr Barry Sheerman (Huddersfield) (Lab/Co-op)
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I know that the Secretary of State is quite new in his post, but has he looked at the impact of today’s events on the financial markets and the value of the pound? Has he met, as I have today, a major manufacturing company with worldwide markets that is desperately worried about staying in the United Kingdom? Does he not realise that many people think we are on the cusp of an economic and financial meltdown now—not in the distant future, but now? The revocation of article 50 could help to sort that out.

Steve Barclay Portrait Stephen Barclay
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As I am sure that you, Mr Speaker, and the House recall, the hon. Gentleman voted to trigger article 50. He himself voted for it, so if he is now saying that he has changed his mind, perhaps that is the sort of uncertainty about which the financial markets have expressed concern. They look to the House for a response that will deliver them certainty for their investment and see Members like the hon. Gentleman changing their mind.