Brexit: EU Nationals’ Right to Remain

Baroness Wheatcroft Excerpts

Wednesday 11th January 2017 Lords Chamber

[Baroness Williams of Trafford]

My Lords, the Prime Minister has been very reasonable in her position. We are absolutely welcoming to EU residents who come here and have said that we will protect their status as long as that is done in return. When the noble Lord talks about the proportion of NHS workers, he is absolutely right: almost 10% of doctors and 6.3% of nurses in England are from an EU country. We are very mindful of that.

[Baroness Wheatcroft (Con)]

My Lords, are there any plans for the Government to ask for a transitional period after the terms of a Brexit deal are negotiated? This was asked for by members of the financial services sector at the Treasury Select Committee yesterday. It would allow not merely the financial services sector but hospitality and other industries to plan for the future, rather than have to take pre-emptive action now and risk revenue to Her Majesty’s Exchequer.

[Baroness Williams of Trafford]

My noble friend is absolutely right about the importance of the financial sector to the UK economy. We have the largest financial sector in the world. The Prime Minister will lay out those plans in due course as we exit the European Union.