Oral Answers to Questions

Barry Sheerman Excerpts

Thursday 27th April 2017 Commons Chamber

[Mr Walker]

My hon. Friend absolutely right. As a priority, we are pursuing a bold and ambitious trade agreement with the European Union. That agreement should be of greater scope and ambition than any seen before it, so that it covers sectors that are crucial to our linked economies, such as financial services. We know that our European neighbours have a stake in this, too, because they do not want European firms to lose access to the City of London’s financial services. Financial stability is important, not only for the UK but for the whole of Europe, which is one reason why we want to reach a deal with the EU on financial services. We will seek to establish strong co-operative oversight arrangements with the EU and will continue to support and implement international standards to safely serve the UK, European and global economy.

[Mr Barry Sheerman (Huddersfield) (Lab/Co-op)]

Will the Minister stop reading his brief and speak from the heart? I have two sets of workers in Huddersfield. Many people work in financial services for Lloyds, and their jobs are in peril. I also have a large number of people who work in the national health service, and the Government are doing nothing to stop the cruel closure of the Huddersfield infirmary. Will the Minister do something about my financial sector workers and my health workers, with the EU catastrophe arriving soon?

[Mr Speaker]

My counsel would be to stick to the financial services industry.

--- Later in debate ---

[Mr David Davis]

The first thing I will say is that Mid Sussex is in good hands. My right hon. Friend is right: the balance that any Government strike when they control their own immigration policy and borders—which is something that he has fought for down the years—not only provides proper security and proper policy, in terms of the delivery of social services and housing, but at the same time allows our businesses, universities, research centres and financial centres to take part in the battle for talent that makes our country one of the greatest in the world.

[Mr Barry Sheerman (Huddersfield) (Lab/Co-op)]

May I thank you, Mr Speaker, for putting up with me so tolerantly for a long time? I warn you, however, that I will make every effort to come back and be troublesome in future. May I also surprise you by asking a topical question? People such as me were remainers. We accept the will of the British people, but we are darn sure that we want a great deal for this country and we are very worried that this election will get in the way. Has the Secretary of State seen this morning’s reports that the pharmaceutical industry is going to move out of Britain for two reasons? The first is Brexit and the second is the fact that we have not put sufficient resources into our national health service.

[Mr Davis]

Before I answer the hon. Gentleman’s question, may I say that he is the one person who has got me a rebuke from Mr Speaker in the past? I look forward to him coming back and continuing that tradition. Pharmaceutical industries have relocated here and companies such as GlaxoSmithKline have increased their expenditure here. As for the other aspect of that attempt by the Association of the British Pharmaceutical Industry, it seemed to me to be putting pressure on the spending of the national health service. That is an issue for the Health Secretary, who will make sensible decisions in the national interest, and not in that of an individual industry.