Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Alan Brown Excerpts
Tuesday 3rd July 2018

(6 years, 4 months ago)

Commons Chamber
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Elizabeth Truss Portrait Elizabeth Truss
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I know that my hon. Friend has done a lot of work at the port of Dover making sure it is ready for all eventualities. We want to have the best possible trade with both the EU and the rest of the world. That is the opportunity we have got.

Alan Brown Portrait Alan Brown (Kilmarnock and Loudoun) (SNP)
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22. The Financial Times is reporting that both Ministers and Bank of England officials fear a Brexit assault on the £8 trillion asset management industry, so the stakes at this Friday’s Brexit Cabinet bunfight could not be higher. Will protection of Scottish financial passporting rights be a red line for the Chancellor?

Elizabeth Truss Portrait Elizabeth Truss
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The financial services industry is a very important industry for the whole UK and we want it to do as well as possible, which is why we are working on getting the best possible deal. It is in the interests of EU countries that rely heavily on UK financial services to get a deal that suits both sides.