Prime Minister's Questions: Trade after Brexit

11th October 2017

Speaking at Prime Minister's Questions, Iain Duncan Smith calls on the PM to confirm that all necessary funding will be available should no trade agreement with the EU be in place when we leave.

On Monday, my right hon. Friend was clear about her negotiations, saying that it remains the Government’s priority to get a very good free trade arrangement with our European friends and partners before we leave. She also made it clear that, alongside that, we would make plans and all necessary arrangements to depart under World Trade Organisation terms should no such agreement be available. Will she confirm, then, that all moneys necessary will be allocated to this project as and when required?

I am happy to give my right hon. Friend that confirmation. We are preparing for every eventuality. We are committing money to prepare for Brexit, including a no-deal scenario. It might be helpful if I update the House. The Treasury has committed over £250 million of new money to Departments such as the Department for Environment, Food and Rural Affairs, the Home Office, Her Majesty’s Revenue and Customs and the Department for Transport in this financial year for Brexit preparations. In some cases, Departments will need to spend money before the relevant legislation has gone through the House. The Treasury will write to Departments and to the Public Accounts Committee explaining this process shortly. Where money needs to be spent, it will be spent.

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POLICY IDEAS

Freedom of Movement post Brexit by Rt Hon Iain Duncan Smith MP


March 2018

Summary

This paper sets out proposals to revise the immigration system and additionally in the annexe it makes the point that more information is required to fully understand the nature of where the costs fall and benefits exist. The information on much, if not all, of this is held by the government.
 
The central objective should be to ensure control over the movement of people. Using a combination of work permits and a cap we would look to control access to work and rights to settlement. Free movement for EU citizens for other purposes should be preserved.