(6 years, 5 months ago)
Lords ChamberWe want a deep and ambitious partnership on financial services. I set out earlier exactly how we see it working. We think that is in the interests of both parties, but it is impossible to put a cost on or indeed outline the benefits of anything until we have agreed it.
Would my noble friend be good enough to accept that trade is like Gaul—divided into three parts? You have direct trade between, say, India and the United Kingdom, trade between the EU and the United Kingdom, and re-export. All those will need different solutions, unlike the ideas put forward by the two parties opposite.
My noble friend makes a good point, which is why we need to try to reach agreement with the EU using our new customs model, which we believe will be a good solution.
(7 years ago)
Lords ChamberThe noble Lord makes an important point, but it is not that helpful to look back over what might have happened in the past: best now to celebrate the excellent achievements that we have gained in reaching agreements last week, whereby EU citizens in the UK will have their rights guaranteed and vice versa.
My Lords, may I take my noble friend back to his original Answer, which presumably means that passports will be required? Have Her Majesty’s Government decided whether that is so; secondly, whether a new one will be required; and, thirdly, whether it will be charged for?
I think the noble Lord will have to wait for the Home Office’s proposals on a new immigration system for an answer to that question.