UK Plans for Leaving the EU

Hilary Benn Excerpts

Monday 9th October 2017 Commons Chamber

[The Prime Minister]

My hon. Friend is absolutely right to point the finger at the Opposition on this particular issue. They claim they are going to support the result of the referendum, yet they vote against the very Bill that will put that in place. Not only do they do that, but in voting against the European Union (Withdrawal) Bill, they have voted against bringing environmental regulations into UK law and bringing workers’ rights into UK law. The Labour party voting against bringing workers’ rights into UK law; it is this Government who are supporting them.

[Hilary Benn (Leeds Central) (Lab)]

Four days ago, the deputy governor of the Bank of England said that the UK financial services industry needs a transitional deal by Christmas, or else it will begin implementing its contingency plans—the Chancellor is well aware of them—to shift jobs and activities across the channel. Telling the House that the ball is now in the EU’s court, as the Prime Minister did today, does not exactly give those businesses the comfort and certainty they require, so will she tell the House what her plan now is to break the negotiating logjam and achieve such a deal in time for it to do its job for a sector of the economy that employs over 1 million people?

[The Prime Minister]

I say to the right hon. Gentleman that the Florence speech set out some details on an implementation period and how we think that that could operate. We now wait for the European Union to respond to the detail that we have set out. I recognise the concerns that business has for an implementation period, but I would say, finally, to the right hon. Gentleman that this whole process is not helped by the vast majority of Labour MEPs voting against moving on to the next phase of talks.