Next Steps in Leaving the European Union

Debate between David Davis and Maria Eagle

Monday 10th October 2016 Commons Chamber

[Mr Davis]

Yes, the Department for Transport is on that issue as we speak. They were some of the people I was thinking of when I said that there are many areas where we have a very strong negotiating hand because of our current position. Britain is the strongest target, as it were, for flight arrivals in the entire European Union.

[Maria Eagle (Garston and Halewood) (Lab)]

Many hundreds of people in my constituency working in the automotive and pharmaceutical industries are very worried about the transitional phase between now and when we leave the EU. Decisions are being made by their employers now about investments, and the worry is that those decisions will take investment away from south Liverpool, and put it somewhere else in Europe. What can the Secretary of State do to reassure my constituents, and to reassure those automotive and pharmaceutical businesses about continuing to invest here?

[Mr Davis]

The first thing I would say is that, if I remember correctly, after the referendum decision, GlaxoSmithKline confirmed multiple hundreds of millions of pounds of investment in this country, so I do not think the pharmaceutical industry is running away from this country—just the reverse. In Europe, the pharmaceutical industry is predominantly in the UK, for reasons that relate to intellectual property among other things. The second thing I would say is that we are consulting widely; one of the things we are doing is establishing where the fears and concerns are, so that we can deal with them. We are doing that accurately and carefully, in exactly the way the hon. Lady would, as I know from her time on the Public Accounts Committee. That, in the long run, will guarantee the jobs of her constituents.