Felicity Buchan
Main Page: Felicity Buchan (Conservative - Kensington)Department Debates - View all Felicity Buchan's debates with the Cabinet Office
(4 years, 1 month ago)
Commons ChamberI understand the frustration that many businesses will have felt as deadlines that were set during the previous Parliament shifted as a result of votes in Parliament, but we now know that, as a result of the general election, the transition period will end on 31 December. There are many “no regrets” actions that businesses should undertake, and I had the opportunity to talk to the chief executives of a number of leading businesses yesterday to make sure that that message was put across in a collaborative way.
The withdrawal agreement stated that both parties would endeavour to conclude equivalence decisions by June 2020. Will my right hon. Friend give the House an update?
I appreciate how hard my hon. Friend works on behalf of businesses, including financial services, in her constituency. We have completed our side of the bargain—we have provided the European Union with the information that it needs for its own autonomous decision on equivalence—and we await that decision with eagerness.