EU: Non-financial Services Debate

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Department: Cabinet Office

EU: Non-financial Services

Baroness Wheatcroft Excerpts
Wednesday 2nd September 2020

(3 years, 8 months ago)

Lords Chamber
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Lord True Portrait Lord True (Con)
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My Lords, the Government are committed to protecting IP to a very high level and are proposing a chapter in the free trade agreement based on precedence to reflect this. Both the EU and the United Kingdom are IP-intensive economies and we need to make progress. My noble friend is right in relation to rights of representation that flow from the single market, and I assure her that these issues are currently very much in the mind of the Government.

Baroness Wheatcroft Portrait Baroness Wheatcroft (Non-Afl) [V]
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My Lords, what revenue does the Treasury receive from non-financial services and, in the event of no deal, how does it propose to replace that revenue?

Lord True Portrait Lord True (Con)
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My Lords, I do not have in my brief the precise figure that the noble Baroness has asked for, so, as I promised earlier in relation to another question, I will write to her with that. The Government’s overall objective is to sustain, develop and increase the viability of our magnificent non-financial services and creative services.