Oral Answers to Questions

Joanna Cherry Excerpts

Thursday 27th April 2017 Commons Chamber

[Mr David Jones]

We fully understand the importance of these issues to SMEs, including those in my hon. Friend’s constituency. Let me repeat for the umpteenth time in this Question Time that we are pursuing a bold and ambitious free trade agreement, which will benefit firms such as those and others around the country.

[Joanna Cherry (Edinburgh South West) (SNP)]

Thousands of my constituents work in Edinburgh’s financial sector, which is the second largest in the UK. Following the EU 27’s announcement this week that they intend to exclude the financial services sector from any future trade deal with the UK after Brexit, will the Minister tell me what contingency planning he is carrying out to protect my constituents’ jobs?

[The Parliamentary Under-Secretary of State for Exiting the European Union (Mr Robin Walker)]

I would say to the hon. and learned Lady, as I said in answer to an earlier question, that we seek a comprehensive trade deal, which absolutely would include financial services. However, as I said previously, we have engaged with the Edinburgh financial services sector, which has been clear with us that access to European Union markets is enormously important, but even more important is its access to the United Kingdom as a whole and Scotland’s relationship with the rest of the United Kingdom.