Oral Answers to Questions

Debate between Matthew Pennycook and David Davis

Thursday 9th March 2017 Commons Chamber

[Mr Davis]

They will undoubtedly be part of the early discussions, but the need for transitional arrangements will depend on what the final arrangements will be. If we do not know where we are going to end up, we cannot have a transitional arrangement. Also, our overarching offer of a comprehensive free trade arrangement will remove the need for transition in some areas, although not in the highly regulated ones. The Chairman of the Select Committee was exactly right to suggest that aviation is one of those areas, and it is not the only one. The original questioner, the hon. Member for Cambridge (Daniel Zeichner), mentioned data, which is another area in which regulation will matter. In many cases, however, such arrangements will not be necessary.

[Matthew Pennycook (Greenwich and Woolwich) (Lab)]

Will the Secretary of State tell the House what he sees as the main differences between agreed interim arrangements as part of a phased process of implementing our future relationship with the EU, as sought by the Government, and a negotiated transitional deal?

[Mr Davis]

The reason that we have specified this in detail was that the term “transitional arrangements” meant several different things to different people. For example, some thought that it would be good to have a departure deal and then to spend years in a transitional arrangement carrying on the negotiations. We have specifically differentiated that from what we are talking about; that is not what we want. We want the decisions to be concluded within two years, but implementation might take longer in a whole series of areas, including customs and financial services regulations.

Oral Answers to Questions

Debate between Matthew Pennycook and David Davis

Thursday 1st December 2016 Commons Chamber

[Matthew Pennycook (Greenwich and Woolwich) (Lab)]

EU Brexit negotiators have been clear about their intent to pursue the UK for an exit bill of anything up to €60 billion based on an expansive interpretation of our liabilities under the EU budget. That is a colossal sum of money and the British public deserve to know from their Government how accurate it is. Will the Secretary of State tell the House how much his Department estimates that it will cost to settle our outstanding liabilities as part of any future withdrawal agreement?

[Mr Davis]

May I start by welcoming the hon. Gentleman back? I understand that he has a new member of his family, on which the whole House will join me in congratulating him. [Hon. Members: “Hear, hear.”] We have seen an opening bid from the European Union. That is what it is. It is nothing more than the maximum price for departure from the Union. If he will forgive me, I am not going to engage in chipping away at that bid; we will start from scratch when we go through the door after March when the negotiations start.

Oral Answers to Questions

Debate between Matthew Pennycook and David Davis

Thursday 20th October 2016 Commons Chamber

[Mr Davis]

I venture to suggest that if you did your homework, Mr Speaker, you would not have it marked by the hon. Gentleman.

I have not seen the Fraser of Allander report, so would be grateful if the hon. Gentleman directed me to it. One thing about these reports is that they all base themselves on single assumptions. We need to look at those assumptions to see whether they are realistic, and that is what we will do. There have been a large number of forecasts of the effect of Brexit. Some are very pessimistic about certain aspects of policy that we do not intend to allow to happen. I will look at that particular report carefully and talk to him about it after I have done so.

[Matthew Pennycook (Greenwich and Woolwich) (Lab)]

The US Chamber of Commerce, which represents companies with investments in the UK worth almost $600 billion, warned our ambassador in Washington last week that to retain and attract those investments in the years ahead we will require access to the single market. Will the Secretary of State tell the House whether he accepts the figure I have given and, if he does not, how much US business investment he thinks will be at risk if this Government do not secure access to the single market?

[Mr Davis]

One reason—although only one—why we are seeking to maintain the most open and barrier-free access possible to the European market is to encourage foreign direct investment. We have had discussions with a number of countries, including the US; indeed I met a US congressional delegation that came here whose members were very enthusiastic about Brexit. There are many views about this.