Lord Newby
Main Page: Lord Newby (Liberal Democrat - Life peer)(6 years, 7 months ago)
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Baroness Sugg
Absolutely; and as part of our conversations with the WTO we are, of course, planning for the unlikely eventuality of there not being a deal. We will continue to have those discussions as time goes on.
Lord Newby (LD)
The Minister has twice said that the Government’s aim was to “replicate” the current trading regime. I thought the Government’s aim was to introduce a new suite of wonderful trading regimes with benefits as yet unspecified. Can the Minister explain whether the Government have lowered their sights already?
Baroness Sugg
Absolutely not—the main goal at the moment during our Brexit negotiations is to establish the UK’s position in a way that minimises any disruption by, as I say, replicating the arrangements as far as we can. In future, once we have left the European Union and are able to negotiate our own trade deals, we will retain our ambition for those.