Brexit: Commonwealth, Trade and Migration Debate
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Lord Pearson of Rannoch
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Brexit: Commonwealth, Trade and Migration
Lord Pearson of Rannoch Excerpts(7 years, 1 month ago)
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The Lord Privy Seal (Baroness Evans of Bowes Park) (Con)
My Lords, we will hear from the UKIP representative.
Lord Pearson of Rannoch
My Lords, do the Government agree that the EU single market will continue in long-term and irreversible decline, whereas the Commonwealth contains many of the markets of the future?
Lord Price
I thank the noble Lord for his question. I am not able to predict the future of any part of the world, but I can say that the UK’s trade outside the EU has grown more quickly in recent years. Over the last five years or so it has grown by 6% inside the EU but by more than 14% outside it. We therefore feel very optimistic that in a new world of trading more powerfully individually outside the EU we can boost UK exports.