EU Exit Negotiations

John Redwood Excerpts

Tuesday 9th October 2018 Commons Chamber

[Dominic Raab]

We have been very clear that the arrangement needs to be time-limited. We would not accept an arrangement that drew a customs border down the Irish sea. It needs to be limited so that we can bridge to the future relationship, which would give us all the advantages of free trade that we want to take advantage of, including export opportunities from Latin America to Asia, and the reduction of the cost of living here at home.

[John Redwood (Wokingham) (Con)]

Will my right hon. Friend confirm that if we just leave without signing a penal and one-sided withdrawal agreement, we will have £39 billion to spend on our priorities, which would be a huge boost to our economy and public services—a true Brexit bonus? How can an agreement be better than that?

[Dominic Raab]

My right hon. Friend is certainly right to point to the countervailing opportunities that a no deal scenario would have, but it is only responsible to be very clear—as we have in our 77 technical notices and our wider planning—that the no deal outcome is sub-optimal because there are risks and short-term disruptions, including a buffeting to the UK economy and all those other things. I am confident that we could get through that, but it is by far and away a superior outcome to get a good deal with the EU that is good for the UK and for the EU, that preserves our trade and security co-operation, and that at the same time liberates us to trade more energetically with the growth markets of the world.