Industry in North Wales

Part of 2. Questions to the Counsel General and Brexit Minister (in respect of his Brexit Minister responsibilities) – in the Senedd at 2:26 pm on 6 November 2019.

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Photo of Jeremy Miles Jeremy Miles Labour 2:26, 6 November 2019

Well, I welcome and appreciate the Member's concern for the interests of business. If only that was shared by his parliamentary party in Westminster who have ridden roughshod over the concerns of business since the beginning of the Brexit debate.

I, too, heard the remarks of Carolyn Fairbairn, and I think I also heard her say that business investment was 26 per cent under trend as a consequence of Brexit. And also, business growth was several percentage points beneath what would we expect it to be.

He's right, in fact, to identify the question of uncertainty. We hear every day in Wales the impact that Brexit is already having on businesses and employers and livelihoods right across the country. But the alternative universe that he's positing is one where this deal is good for business, and it just is not. And the notion that this deal draws this matter to a certain close is complete fiction. This is a bad deal and it gives us the certainty of a bad deal for businesses right across Wales. We are looking at substantial additional costs for small businesses that export that they can barely afford to pay. Maybe he'll confirm to me if the UK Government is planning on compensating them for that. But otherwise, these are significant burdens that businesses in Wales can ill afford to have to take on.

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