Richard Foord
Main Page: Richard Foord (Liberal Democrat - Tiverton and Honiton)Department Debates - View all Richard Foord's debates with the HM Treasury
UK Economy
Richard Foord Excerpts(2 months, 1 week ago)
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Bim Afolami
I do not agree with the hon. Lady. I will not repeat everything I just said to the hon. Member for Ellesmere Port and Neston (Justin Madders), but this Government and this Treasury are sticking to our plan for growth. That is all put at risk by the Labour party.
Richard Foord (Tiverton and Honiton) (LD)
The Office for Budget Responsibility assessed Boris Johnson’s trade and co-operation agreement, which sets out the trading relationship between the UK and the EU, at the beginning of last year, and it said that the TCA has reduced long-run productivity by 4%. Why does the Minister think that is?
Bim Afolami
We built on the trade and co-operation agreement through the Windsor framework, and the Opposition do not propose to change it. Indeed, the TCA is fundamental to the stability of our relationship with the European Union, and I do not think the country would benefit from unpicking it once again.