Gregory Campbell
Main Page: Gregory Campbell (Democratic Unionist Party - East Londonderry)Department Debates - View all Gregory Campbell's debates with the Northern Ireland Office
(8 years ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Wallace
Northern Ireland benefits extremely well from money that it receives from the European Union. There is no pot of gold at the end of the Brexit rainbow, so I suggest that we get on and focus on what is right for Northern Ireland, which is remaining in the European Union.
Mr Gregory Campbell (East Londonderry) (DUP)
If the UK does decide to leave the EU, there will be an annual £9 billion hole in the EU finances. As other eastern bloc nations look to join to get more slices of a diminishing financial cake, what opportunities does the Minister believe Northern Ireland companies would have in those circumstances to export to Europe and beyond?
Mr Wallace
The first thing we should recognise is that Northern Ireland business does not agree with the hon. Gentleman and believes that it should remain in the European Union. If people voted to leave the European Union, from 24 June Northern Ireland businesses would unfortunately have to deal with instability for the next two years, which would damage their market.