(6 years, 9 months ago)
Commons ChamberWith the greatest respect to the hon. Lady, the purpose of the implementation period, which was asked for by just about every business organisation, is to ensure they face stability in the couple of years in the run-up to the conclusion of the future relationship. That is what is going to happen, and that is why companies and the CBI and others welcomed it when we announced it.
As we accelerate the pace of our negotiations with the European Union, I gave a speech last Friday to lay out the terms of the implementation period for our new relationship. This period, a bridge to the future, will be strictly time-limited and see a continuation of existing structures and rules. We will no longer be a member of the EU, which is a legal requirement for signing a new trade treaty, while still ensuring the continuity of our businesses and their trading relationships. We will use this period to ensure we are best placed to grasp the opportunities of Brexit, and that will mean signing new free trade deals with countries around the world.
Given reports today of a huge gap between the UK and the EU on how financial services will be able to be traded freely in a post-Brexit environment, can the Secretary of State set out exactly how he sees this trade operating successfully in future, and exactly how he plans to protect the jobs of the 1.1 million people in the UK who work in this sector?
First, not only have we not yet engaged in the future relationship negotiation, but the EU has not yet decided its own negotiating guidelines. They will, we expect, be laid down by the March Council on 22 March, and to that end I am talking to every member state that I can in order to ensure that we are at the same place on this issue, rather than having, as the hon. Lady terms it, “a huge gap”. Indeed, at the end of these questions I am going to Luxembourg for specifically that issue.
(6 years, 11 months ago)
Commons ChamberUrgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.
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I am sure that the Irish Government are conscious of all those things, but let me pick one point that my right hon. Friend made. When I last reported to this House—on 17 November, I think—I reiterated that the common travel area, which allows absolute freedom of movement between the two countries and absolute equality of treatment between our citizens, will remain in place, as will the constitutional protections allowing people from Northern Ireland to choose which nationality they wish to adhere to. We are protecting those rights very carefully.
I put it to the Secretary of State that his Government’s dogmatic insistence on pulling us out of the single market and the customs union threatens not only our future jobs, rights and prosperity, but the future territorial integrity of our country. When he looks back in a few years’ time and reflects on his role in creating this mess, how does he think he will feel?
(7 years, 1 month ago)
Commons ChamberWill the Secretary of State set out the implications of the Prime Minister’s Florence speech for the UK’s relationship with EU regulatory bodies such as the European Medicines Agency during transition? Will we in effect seek to remain a member of such organisations, despite our having formally left the EU?
As the Prime Minister said in her Florence speech, we start by identifying the regulatory position, and the question is then how we manage divergence. Britain will bring the control of such matters back within its own shores, and we will then have a procedure between us by which we manage divergence.