Lord Fox
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Exports to the European Union
Lord Fox Excerpts(1 month ago)
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Lord Livermore (Lab)
In the recent Mansion House speech, the Chancellor said that we will always stand up for
“free and open trade, especially with our most economically important partners. That includes the United States”,
obviously—it is one of our most important destinations for financial services trade, for example—and that there is great
“potential for us to deepen our economic relationship on areas such as emerging technologies”.
Lord Fox (LD)
My Lords, renewing—or rekindling—the relationship with Europe is very important. Does the Minister agree that one of the ways to make that harder is for UK product regulation to diverge from EU product regulation? Can the Minister confirm that we will work hard on the Product Regulation and Metrology Bill to make sure that we have an avenue to stay close to that EU market?
Lord Livermore (Lab)
I agree with much of what the noble Lord says and agree wholeheartedly with the sentiment behind his question.