EU Council

Alasdair McDonnell Excerpts

Wednesday 29th June 2016 Commons Chamber

[The Prime Minister]

I thank my hon. and learned Friend for his remarks. The issue of passporting will loom large in the negotiations because financial services are 7% of our economy and two thirds of the jobs are outside London. We are the financial centre for Europe—40% of financial services are in Europe—and we will be strong in that area whatever the outcome, but it is undoubtedly true that the passport does help British firms, and it helps other countries’ firms come to Britain. One of the reasons why the Swiss banks are here in such large measure is that they do not get passporting rights through Switzerland. This should be a very important feature; it is one of the aspects of what access to the single market actually means.

[Dr Alasdair McDonnell (Belfast South) (SDLP)]

I thank the Prime Minister for all his efforts. Does he fully recognise the very difficult position that Northern Ireland is now in? We voted to stay and we want to stay, yet we are hostage to the mistakes of others who were misled by false promises—unlimited funding for the NHS and lorry loads of money for farmers. Does he recognise that Northern Ireland will need to open up opportunities to protect its interests and maintain a closer relationship with Europe? In particular, has he had time to give any thought to how the settlement of 1998—the Good Friday agreement—is undermined by the dismantling of much of the legislation that hinges on the EU?

[The Prime Minister]

Obviously, we will look very closely at the specific questions that the hon. Gentleman raises. That is something that officials in Northern Ireland and in Westminster can start with straightaway. I want us to keep all the benefits that we have had from the common travel area, and I think we will have the closest possible co-operation with the Government of the Republic of Ireland. The Taoiseach last night made a very moving speech about Britain and Ireland. I think he said that we had been fighting each other since 1169. I have not checked my dates—

[Dr McDonnell]

indicated assent.

[The Prime Minister]

The hon. Gentleman is nodding, so I think I have got that right. The Taoiseach then went through some of the key elements of the conflict, in which relatives of mine were probably involved, but who knows? He said he was very proud that relations between the United Kingdom and the Republic of Ireland have never been stronger than today, and we must not let that go.