Future Relationship with the EU Debate

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Department: HM Treasury

Future Relationship with the EU

Emma Lewell-Buck Excerpts
Tuesday 9th June 2020

(4 years, 6 months ago)

Commons Chamber
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Penny Mordaunt Portrait Penny Mordaunt
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My hon. Friend makes an extremely good point. The City of London is not just vital to the UK’s economic recovery; it is also a key institution for many nations around the world. We must ensure its success, and I assure her that the Government are very focused on that.

Emma Lewell-Buck Portrait Mrs Emma Lewell-Buck (South Shields) (Lab)
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I voted for the European Union (Withdrawal Agreement) Bill. I want the Government to get a good deal. Delay will only increase uncertainty, but last week it was reported that talks about the oven-ready deal have stagnated. What red lines will the Government compromise on, if at all, to achieve that promised deal?

Penny Mordaunt Portrait Penny Mordaunt
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I thank the hon. Lady for her commitment to helping us deliver a good deal. The key aspect of why we cannot let these negotiations go on is that prolonged uncertainty. We believe that our asks are very reasonable. There are precedents set. They are upholding our rights in international law, and we will continue to ask for them. What is required is for the EU to understand that we are a sovereign equal in these negotiations, and I hope that that happens in the coming weeks.