Minister claims UK will pay 'higher price' for poor deal than no-deal Brexit
- Credit: Parliament Live
The culture secretary said the UK would pay a higher price if it negotiates a poor Brexit deal with the EU “in the longer run” than if it reaches no deal at all.
Asked by Times Radio about predictions the economic impact of no-deal would be worse than Covid-19, Oliver Dowden said: “It would clearly be preferable for us to have a Canada-style free trade relationship, that is why we are continuing to push for it even at this very late hour.
“That’s not to say we couldn’t survive and ultimately thrive with an Australian style WTO, but we’ve made no bones about the fact that first of all the free trade relationship would be better.”
He said if the UK accepted regulatory alignment “in the longer run we would actually pay a real price for that”.
“One of the benefits of leaving the EU is that we do have the freedom to set our own rules and regulations, I think we should resist the short-term temptation to concede on this when we could pay a longer-term price for doing so.”
You may also want to watch:
Dowden rejected the idea the UK should have extended the transition period, saying “you’ve got to end the uncertainty and give people clarity about their future trading relationship”.
“A further extension is just kicking the can down the alley.”
- 1 This chumocracy is costing our country
- 2 Nigel Farage loses nearly 50,000 followers after Twitter suspends QAnon accounts
- 3 Fifteen ways to fix Britain
- 4 Michel Barnier tells UK to be 'very careful' in Brexit diplomatic status row
- 5 Bob Geldof takes swipe at No 10 saying 'lying is second nature' to them
- 6 Independent SAGE adviser gives scathing assessment of Priti Patel's £800 Covid fines
- 7 Jacob Rees-Mogg says it's 'all the EU's fault' musicians can't tour Europe
- 8 George Osborne hopes for Brexit dividend
- 9 Tory minister admits UK rejected EU's music visa offer in order to 'take back control' of borders
- 10 Holyrood in talks with EU to extend Erasmus scheme to Scottish students
Become a Supporter
The New European is proud of its journalism and we hope you are proud of it too. We believe our voice is important - both in representing the pro-EU perspective and also to help rebalance the right wing extremes of much of the UK national press. If you value what we are doing, you can help us by making a contribution to the cost of our journalism.