(7 years, 10 months ago)
Commons ChamberThe Prime Minister ended her speech this morning on a very gracious note: she said that the victors in the Brexit debate in the UK should be magnanimous towards those who lost. I put it to the Secretary of State that magnanimity means accepting that Scotland wants to stay in the single market and that the discussions from now on should at least leave the door open to that ask from Scotland.
As I said earlier, and as I have said to Mike Russell, I have not commented publicly on the report even though I have read it in detail because I want to have an open discussion about it later. That does not mean that we are going to agree on everything, but we are going to treat it with respect.
(7 years, 12 months ago)
Commons ChamberThe phrase, “holding people to ransom” is mightily unhelpful to the whole argument. Our whole strategy is designed to avoid holding anybody to ransom and to ensure that everybody who should have rights gets them recognised at the same time. I am afraid that the arguments in the European domain in the last week have reinforced that viewpoint. As the Prime Minister said yesterday, it demonstrates that we are taking the right approach. If it were up to us, we would have this resolved in months, but we have to get agreement with the European Union, too.
Last week, the Chancellor delivered the autumn statement and, thanks to work done since 2010, the fundamentals of the UK economy are strong and we approach EU exit negotiations from a position of strength. Of course there will be ups and downs during the process, but the hard data since the referendum have been far better than many expected or predicted, and growth is forecast to be steady. In the third quarter, UK GDP grew by a half per cent., employment reached an all-time record high, business investment rose by 0.9% and retail sales grew by 1.9%. In the three months to October, companies from Jaguar Land Rover to GlaxoSmithKline have increased investment. The UK is well placed to deal with challenges that may arise from exiting the EU, and ready to seize the opportunities, too.
At the annual general meeting of the all-party parliamentary group on wholesale financial markets and services on Tuesday night, the Chancellor of the Exchequer gave a very public endorsement of a transitional regime for the financial sector beyond the two-year Brexit negotiations. On a scale of one to 10, how closely does the Secretary of State agree with the Chancellor?
On a scale of one to 10, I will give that number when I hear what the Chancellor says myself, rather than hear that routed through the hon. Gentleman. The substantive point—transition—is material. We have said that the first thing to determine is the endpoint and the outcome. Whether we need a transition will be dictated by that in the first instance. As I said earlier to the hon. Member for Wolverhampton North East (Emma Reynolds), what transition means is itself a moot point.
(8 years, 2 months ago)
Commons ChamberThe first premise is returning power to this Government and this Parliament. How they deploy that power is entirely up to them. I would think any sensible Government would be involved in mutually beneficial activity. Israel subscribes to some European research operations and it is nowhere near being a member of the European Union. In those terms, my hon. Friend’s point is well made.
Will the Secretary of State repeat to the House the guarantee he gave in Northern Ireland last week that his Government will not seek to impose a hard border, which would restrict the free movement of people and labour between Northern Ireland and the Irish Republic? Will he extend such a guarantee to Gibraltar and Spain?
I certainly repeat the statement I made in Northern Ireland last week. The soft border or open border—I am not quite sure what the right phrasing is—existed before either of us were members of the European Union. We were separate countries with different VAT and income tax rates. It seems to me entirely possible, given modern technology, that we can do the same, and that we can design an immigration system that is also able to cope. I certainly reiterate in the House what I said in Northern Ireland last week.