(5 years, 7 months ago)
Commons ChamberI will ignore the hon. Gentleman’s lack of grace in his first comment.
What that shows is the importance to Scotland of services and of access to the single market in the United Kingdom. Financial services are one of the country’s greatest and strongest exports, and Scotland benefits hugely from being part of the United Kingdom’s infrastructure.
(6 years, 2 months ago)
Commons ChamberThat is a very interesting question. Our services exports to the world’s most open market—the United States—comprise 65% of our exports. For non-EU countries, the figure is about 50%, and for the EU itself, it is only 38%. In the future, I would like to ensure that our services exporters are given the free access to European markets that they can currently take advantage of outside Europe.
As the Secretary of State knows, the UK is the largest investor in Tanzania, a proud Commonwealth nation to which I have just been appointed trade envoy. Will he be good enough to outline what Her Majesty’s Government will do to strengthen that relationship as we leave the European Union?