Brexit: Divergence from EU Standards Debate
Full Debate: Read Full DebateDepartment: Department for Exiting the European Union
Lord Lamont of Lerwick
Main Page: Lord Lamont of Lerwick (Conservative - Life peer)Department Debates - View all Lord Lamont of Lerwick's debates with the Department for Exiting the European Union
(5 years, 2 months ago)
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Lord Lamont of Lerwick (Con)
Does my noble friend agree that the freedom to diverge from European regulations is, as the Prime Minister said, one of the important reasons for leaving the EU, although this will probably apply more to future regulation in evolving technologies such as fintech? Does he also agree that while, like any third country, such as the United States, we have to observe EU regulation when we sell into the EU market, when we sell into our own market or trade with each other it is a matter for the UK Parliament?
Lord Callanan
As always on these matters, my noble friend speaks great sense. I agree with the points that he has made. The ability to set our own regulations and to adopt a nimble and flexible approach to regulations on future technologies would be one of the great advantages of leaving the EU.