EU Customs Union and Draft Withdrawal Agreement: Cost Debate

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Department: HM Treasury

Owen Smith

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Oral Answers to Questions

EU Customs Union and Draft Withdrawal Agreement: Cost

Owen Smith Excerpts

Leaving the EU: Meaningful Vote
Monday 22nd October 2018

(5 years, 6 months ago)

Commons Chamber
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John Glen Portrait John Glen
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Government is always challenging, and there are always issues that need to be resolved. It is self-evident that this is a challenging set of negotiations.

Owen Smith Portrait Owen Smith (Pontypridd) (Lab)
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Will the Minister confirm that the head of HMRC estimates that the cost for British business of leaving the European Union customs union would be £20 billion a year?

John Glen Portrait John Glen
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I am aware of that assessment. It depends on the assumptions for the final agreement we come to, but clearly the Government are taking a range of concerned parties into account throughout this process.

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