Oral Answers to Questions

Debate between Lord Hammond of Runnymede and Hannah Bardell

Tuesday 19th July 2016 Commons Chamber

[Hannah Bardell (Livingston) (SNP)]

Given the Supreme Court’s ruling earlier this year, does the Chancellor have plans to review the Financial Conduct Authority’s failure to enforce the prospectus rules in the Lloyd’s enhanced capital notes case? One of my constituents has been fighting hard for pensioners, who have lost over £3.3 billion.

[Mr Hammond]

As indeed have constituents of mine, so I am familiar with this case from the point of view of a constituency MP. I have not yet had a chance to look at it from the point of view of a Treasury Minister, but I promise the hon. Lady that I will do so.

Oral Answers to Questions

Debate between Lord Hammond of Runnymede and Hannah Bardell

Tuesday 12th July 2016 Commons Chamber

[Hannah Bardell (Livingston) (SNP)]

20 . Scotland has benefited from access to EU research and a wealth of talented researchers and academics. The Guardian worryingly reported this morning:“Britain’s vote to leave the EU has unleashed a wave of discrimination against UK researchers”.Scottish universities and their staff are concerned. What is the Foreign Secretary’s message to the universities, research staff and workers that benefit from being part of the EU? How will he ensure that Scotland and its interests are protected?

[Mr Hammond]

This issue is not just about Scotland; it is much wider than that. I will say two things. First, as long as we are a full member of the EU and are paying the full sub, we must ensure that there is no discrimination against the UK, UK institutions, UK applicants for funding or UK citizens. Secondly, the point of negotiating an arrangement for Britain’s relationship with the EU 27 after we have left the EU is precisely to protect collaborative research, educational projects and cultural exchanges in addition to our important trading relationships.