17:33 Stewart Hosie (Dundee East) (SNP)

It is not as if the Tories were not warned. Every pre-referendum economic forecast—certainly the serious ones—predicted a loss of GDP in the minus 2% to minus 7% range. The Treasury said that a free trade agreement could see a loss of GDP growth of around 6.2%, and that was not even the worst of its estimates at that time. In 2018, the cross-Whitehall analysis said that GDP could be 7.7% lower in 15 years under a smooth WTO mitigated arrangement. The one thing we can say about the deal we have with the European Union is that it certainly is not smooth—even the Chancellor of the Duchy of Lancaster has belatedly conceded that. Finally, the UK Government’s November 2018 long-term economic assessment suggested a GDP fall of 4.9% on a modelled FTA, which worsened to a 6.7% fall, with net zero inflows of European economic area workers, which, of course, for many Tory Brexiteers was all this was really ever about.

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17:53 Gary Sambrook (Birmingham, Northfield) (Con)

I thought the days of doom and gloom and doubt were behind us and that even the hon. Member for Swansea West (Geraint Davies) would have livened up a bit and become a bit more optimistic about the United Kingdom’s future post Brexit, but obviously not. We were told that the UK’s role in the world would diminish, but we see 2021 as a year in which the UK stands tall in the world: we are hosting the G7 in Cornwall; we have COP26 in Glasgow; a global education conference will see us try to educate some of the poorest children in the world; and we are also going into the presidency of the UN Security Council.

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18:51 Julia Lopez (Conservative)

I have heard concerns today about Scottish exports without recognition that geographical indications for valued Scottish products remain in the trade and co-operation agreement, and that those products can now also find new markets as we secure ambitious new trade deals with nations such as America and Australia, and we can benefit from those already agreed with Singapore, Japan and Canada. SNP Members portray the UK as a spent force without celebrating the fact that Glasgow will be hosting the COP26 conference, showing global leadership on the issue of climate change, as well as British ingenuity in green tech.

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