Julian Lewis
Main Page: Julian Lewis (Conservative - New Forest East)Department Debates - View all Julian Lewis's debates with the HM Treasury
(3 years, 5 months ago)
Commons ChamberI cannot comment on ongoing negotiations; we remain committed to a constructive dialogue with our European partners regarding the memorandum of understanding, and I can confirm that those discussions are under way. With regard to financial services, I hope that the right hon. Gentleman saw the announcement of our listings review. I thank Jonathan Hill for his excellent work. We will take forward those reforms together with the Financial Conduct Authority to ensure that the UK remains one of the most attractive places anywhere in the world for companies to raise the finance they need to empower their future growth.
My right hon. Friend has raised this industry with me multiple times, and he is right to do so. Although some food and drink wholesalers have been significantly impacted, others—for example, those that predominately serve the public sector—have not been, so I do not think it would be fair to provide blanket support. He talked about a postcode lottery. The other side of that coin is empowering local government and local decision making, and I believe that is the right approach. We have announced £425 million of additional discretionary support to local authorities, but I am sure that his raising the issue in the House in this way will give his local council and others the steer they need to direct support to this important industry.