Leaving the European Union

Lord Jopling Excerpts

Monday 26th November 2018 Lords Chamber

[Baroness Evans of Bowes Park]

I do not accept that. For instance, we have been clear that we propose to maintain current social and employment standards, that we want an independent trade policy, and that we want a strong economic partnership with the EU—one of the most ambitious that it has had. That is what we will work towards.

[Lord Jopling (Con)]

My Lords, I first refer to my interests in the register. The Prime Minister has said that we will be able to strike free trade deals around the world. Will that not mean that large swathes of British industry will have added competition from the free trade of imports from all around the world but, where British industry exports similar products to Europe, those exports will have to jump the common external tariff of the 27? Am I right in thinking that this would be one of the most monumental double whammies for British industry for a long time?

[Baroness Evans of Bowes Park]

No. First, we will be able to develop an independent UK trade policy. The political declaration sets out a plan for a free trade area for goods with the EU, including zero tariffs, with ambitious customs arrangements to enable that. It will be the first such agreement between an advanced economy and the EU.