(7 years, 6 months ago)
Lords ChamberMy Lords, that would be a very good thing. As the Prime Minister has said, this party and this side of the House will be setting forward a clear approach to those negotiations to ensure that we get the very best deal for this country in the months ahead.
My Lords, does the Minister agree with the CBI assessment that we will have to establish the equivalent of 34 domestic agencies to replace EU agencies when we withdraw—if we do—from Europe? Has any assessment been made of that and, in particular, of the cost of funding 34 agencies?
The noble Lord makes a good point. Considerable work is being undertaken by my department and right across Whitehall regarding the impact of our withdrawal on UK regulators and regulatory bodies. I shall not go into detail on that at this precise juncture, but noble Lords should rest assured that in the months ahead, were a Conservative Government to be returned, we would ensure that those plans are set out.
(8 years ago)
Lords ChamberI do not like to think of that very much. I suggest to those who wish to do so that they should humbly think again about what they might be embarking upon.
The Minister described the trading paradise that we are going to have when we leave the EU. Will he remind us of all those trips Prime Ministers, Chancellors, Secretaries of State for Business and other Ministers have made to further our trading interest in India, China and around the world? What is going to change? What are the Government going to do as a result of this removal from the European Union that is going to bring this trading Valhalla to us that has not been brought about in the past?
My Lords, I am sorry to say that I beg to differ. The opportunities now before us will be quite considerable. Just because we may have had some difficulties in the past does not mean we will have difficulties in future.