Certainty For Businesses In Wales Will Be Conditional On A Commitment To A Transitional Arrangement

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At the Westminster Hall debate on the Effect Of Exiting The EU On Welsh Businesses, I intervened about the need for a transitional arrangement when the Article 50 negotiations come to an end.

Stephen Kinnock (Aberavon) (Lab): Does that not mean that certainty for businesses in Wales and across the United Kingdom will be conditional on a commitment to a transitional arrangement? We must not have a situation where the Article 50 negotiations come to an end in 2019 and we fall off a cliff edge, because that would cause so much uncertainty, not just about tariffs but about the regulatory environment to which my hon. Friend refers.

Ian C. Lucas: Indeed. It seems increasingly likely that there will be some kind of transitional phase.