Chris Philp
Main Page: Chris Philp (Conservative - Croydon South)Department Debates - View all Chris Philp's debates with the HM Treasury
(5 years, 10 months ago)
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Mr Hammond
As I have consistently said in this House, I do not believe that a no-deal exit would be in the interests of this country, and I will do everything I can to ensure that we avoid it, but an exit based on a negotiated deal that allows us to continue a close trading relationship with the European Union can work for Britain, and that is what I will be arguing for.
Chris Philp (Croydon South) (Con)
Is the Chancellor aware that only 18% of Scottish exports go to the rest of the European Union but 61% go to the rest of the United Kingdom? Is not the Union that really matters to Scotland the Union of the United Kingdom?
Mr Hammond
Yes, my hon. Friend is exactly right. The Scottish economy would be far more adversely affected by a breach of trading relationships with the rest of the United Kingdom than it will by a breach in trading relationships with the European Union.
Jesse Norman
I am grateful to the hon. Lady for the question, and I am happy to refer her to the welfare Secretary on the matter.
Chris Philp (Croydon South) (Con)
Does the Chancellor share my concern about the way some local councils are misusing Public Works Loan Board loans to speculate on commercial property, including many in Surrey?