(7 years, 5 months ago)
Commons ChamberWe will not be trading the security of our country, but we have a relationship with the European Union. There are certain elements of the European Union, in justice and home affairs, of which we are currently members and of which, on leaving the European Union, we would not be members. We need to negotiate what our future relationship will be. It is very simple and very pragmatic: the aim will be to ensure co-operation on these matters.
I welcome the Prime Minister’s repeated use of the word “pragmatic” in her responses. Many of us believe that this country is at its very best when we are pragmatic, rather than ideological. The Prime Minister mentioned the importance of co-operation on justice and home affairs. Does she accept that co-operation on other aspects of judicial and legal services will also be crucial in underpinning her prioritisation of our financial services sector, which is so critical to any negotiation?
My hon. Friend is absolutely right. The strength of our legal services, and the co-operation that we have on justice and legal matters, are also an important part of the relationship that we have. My right hon. Friend the Lord Chancellor has been working with the judiciary to examine exactly those issues and consider how we can proceed with them to ensure the right level of co-operation in the future.
(7 years, 8 months ago)
Commons ChamberThank you, Mr Speaker.
It is accepted that business wishes to see the maximum possible certainty in which to make its investment decisions. Does my right hon. Friend agree that that certainty is not achieved by equivocation or obfuscation about our intention to trigger article 50, but is better served by triggering it promptly and then being flexible and business-focused in the terms of our negotiation and the implementation of the final deal?
(8 years, 2 months ago)
Commons ChamberI thank the hon. Gentleman for his kind remarks. He is right to say that it is important to get it right on the common travel area issues, which are complex and difficult, if Northern Ireland is going to be the frontier between the United Kingdom outside the European Union and the European Union. On the border poll issue, the rules are set out very clearly in the Good Friday agreement, and I do not believe they have been triggered. In terms of the decision to leave the EU and how we do it, that is principally a matter for this Westminster—the United Kingdom—Parliament.
The Prime Minister has shown the decency and courage that one of my predecessors, Harold Macmillan, would have respected. I think Harold Macmillan would have wept on the day this has happened and on the day the Prime Minister departs. Will the Prime Minister concede that it is very clear legally that article 50 is the only proper means of exiting the European Union and that any attempt to circumvent it would be wrong and would involve this country in a breach of its international obligations, which no decent leader of this country should ever contemplate?
Let me thank my hon. Friend for his remarks. He is right that the only legal way that has been set out to leave the EU is by triggering article 50. That is clearly what our partners want us to do, although not all of them believe that we have to do it immediately, which is why I believe we have some time to examine the right model we want to negotiate for and then to pull that trigger. As I understand it, that is the only legal way to get the job done.
(8 years, 6 months ago)
Commons ChamberThe Secretary of State for Northern Ireland does an excellent job. She is exercising her ability to reach a personal decision and to campaign for Britain to leave the EU, and it is absolutely right she is able to do that. The key thing is that everyone in Northern Ireland should make up their own mind based on the evidence, and I look forward to coming to try to help persuade them to remain in a reformed EU.
Does the Prime Minister accept that the thousands of my constituents, the hundreds of thousands of constituents in London and the millions of constituents across the UK who work in financial services will be glad that he, at least, values their jobs, even if the Leader of the Opposition appears to dismiss them? Will he also recognise that the economic governance package is an important win for a strategic British interest and, therefore, that the pragmatic and businesslike thing is not to walk away from a market we are in, but to stay in it, improve it and make it work better?
I certainly agree with that. We should recognise that there are something like a million jobs in finance in Glasgow and Edinburgh—I think there are almost a million jobs in Manchester and Birmingham. The key point here is this: because we are in the single market, we have the right to passport—that is, to have a bank or a financial services company here in Britain that can trade throughout the EU. Leave the single market, and you lose that right. What would then have to happen is that companies based in the UK would have to move at least some of their jobs to another European country—that is why HSBC said the other day they would lose 1,000 jobs. So real jobs, real people’s salaries and real prosperity are under threat. We really need to explain this. It is complicated, but there is no doubt in my mind: leaving the single market for financial services would mean fewer jobs in Britain.
(8 years, 7 months ago)
Commons ChamberI will look very carefully at that issue, but I seem to recall from conversations I had with the Taoiseach that there are particular arrangements for the common travel area. But I will come back to the hon. Gentleman on this.
The legal certainty that the Prime Minister referred to and the protections in the economic governance section of the document are very important to maintain the status of London as an international business and financial centre, but does my right hon. Friend agree that one of the risks to that position that would remain if this agreement were not successful would be the uncertainty of leaving a market which we can grow, improve and strengthen, and having then to try to get back into the market from the outside with uncertain cost, time and terms?
My hon. Friend, with his constituency, is right to talk about the importance of financial services and the City of London. We have 40% of Europe’s financial services here in the UK. The current arrangements work quite well because people can passport their way through to establish themselves in any European country, so those arguing for alternatives will have to answer some quite difficult questions about how exactly we put those sorts of protections in place.