European Union: Future Relationship

Chris Elmore Excerpts

Thursday 27th February 2020 Commons Chamber

[Michael Gove]

As my hon. Friend makes clear, financial services matter not just in Wimbledon, but across the United Kingdom, which is why, as stated in the document published today, we wish to conclude an agreement that will make provision for financial stability, market integrity and investor and consumer protection for financial services. We also want to secure mutual recognition of professional qualifications to ensure that everyone in our service sector can continue to have access to opportunities in every market in which they currently work.

[Chris Elmore (Ogmore) (Lab)]

May I ask the Minister for further information to the chapter on digital in the report, which refers to an

“open, secure and trustworthy online environment”

and encouraging regulatory co-operation? With the Government moving to tackle online harms on various platforms, will he set out in more detail what he means by ensuring that there is co-operation on regulation in any future trading agreement?

[Michael Gove]

Yes. As the hon. Gentleman knows, we are compliant with the general data protection regulation that the EU introduced, and we want to ensure that we get an equivalency judgment from the EU on data adequacy, so that we can continue to ensure that data flows, which are so integral to business and others, can continue in an appropriate way.