Brexit Negotiations

Baroness Neville-Rolfe Excerpts

Monday 11th December 2017 Lords Chamber

[Baroness Evans of Bowes Park]

It is actually during the implementation period that the UK’s and the EU’s access to each other’s markets could continue on current terms. During the implementation period, we would stay in all EU regulators and agencies and take part in existing security measures.

[Baroness Neville-Rolfe (Con)]

My Lords, it was very interesting to see how worried the European Union became when there was a risk of the UK crashing out, showing, I think, that we have a stronger negotiating hand than some might think, if we keep our nerve. Contrary to what some have said, some fear that regulatory alignment means a soft Brexit by stealth, making us a rule taker in relation to all future EU rules rather than a rule maker. Is this a valid concern?

[Baroness Evans of Bowes Park]

As I have said, maintaining alignment means that we may have the same objectives but we may well want to do something in a different way. However, in discussing our future trading relationship, we should also understand that we are in a unique position with full regulatory alignment at this point. We want to maintain high standards going forward, so we believe this is an excellent basis for a strong future relationship.