Leaving the EU

Chuka Umunna Excerpts

Monday 9th July 2018 Commons Chamber

[The Prime Minister]

No. The position that my hon. Friend sets out is not the position for the future. I have been very clear that Parliament will be able to take these decisions about rules in the future. The reality and practicality of Brexit—somebody said earlier that I am dealing not with the theory, but with the reality and practicality of Brexit—is that our businesses which want to export to the European Union will continue to operate to the European Union’s rulebook in industrial goods, just as when we sign trade deals with other parts of the world, we will need to ensure that both sides can operate to the rules that are appropriate there. Businesses will continue to apply these rules regardless. By operating in this way, we are able to ensure that frictionless border between the UK and the EU, which is important to delivering on our commitments for Northern Ireland while maintaining the constitutional integrity of the United Kingdom, and to ensuring that we maintain the jobs that rely on the integrated supply chains that have grown up over decades.

[Chuka Umunna (Streatham) (Lab)]

The Prime Minister has proposed a free trade area for goods, but the fact is that our services sector has been left out and left behind by this Government. TechUK, which employs more than 700,000 workers in the technology sector, has said that a deal such as the one that she has proposed will reduce access to EU markets, will be confusing for consumers, and will add to complexity for business. Why is she ignoring these services, which make up most of the British economy?

[The Prime Minister]

This is not about ignoring services’ businesses, but about seeing that that sector is one of the areas where we have great opportunities for trade deals around the rest of the world. It is also about recognising the importance and the significance of financial services in the City of London and the importance of ensuring that we can have not just regulatory co-operation, but the freedom to be flexible in these areas.