(7 years, 7 months ago)
Commons ChamberMy hon. Friend is absolutely right. We will continue to work closely with the regulators to ensure that we have some of the best, and best regulated, financial services in the world.
The Secretary of State is a wise man, and we all read his wise article in The Irish Times on 5 September last year, in which he said that Ireland did not have to choose between Europe and the United Kingdom but could commit itself to expanded trade and commerce with both. Ireland is a big market for England, but it is not the biggest. Given the Secretary of State’s wise words in Ireland, what patience has he with those who suggest that England would want trade barriers with its largest market in Europe, and, with exports worth £50 billion, its second largest export market in the world—Scotland?
(8 years, 1 month ago)
Commons ChamberAs I said in yesterday’s debate, the Government recognise the enormous contribution that EU citizens make to our health service, our universities and business. We want to ensure that their rights are protected, but we need to do so through the process of negotiation and agreement.
Will the Minister now answer the question from my hon. Friend the Member for Glenrothes (Peter Grant)? Why was the Chancellor yesterday, in front of the Treasury Committee, able to give an unambiguous guarantee about the travel and residential rights of bankers that he is not prepared to give to our hard-working fellow European citizens?
When the right hon. Gentleman intervened on me in yesterday’s debate, I had a sneaking suspicion that he might be, perhaps inadvertently, misrepresenting the comments of the Chancellor to the Select Committee. Having read the transcript, it is clear that the Chancellor was making it clear that his role was to advocate on this in the policy discussions to come with the Home Office and other Departments. He was not doing as the right hon. Gentleman says.
(8 years, 1 month ago)
Commons ChamberAs I have already pointed out, during those three years it is the Government’s absolute intention to secure the rights of EU nationals in the UK and UK nationals in the EU as early in the negotiations as we can.
I think that is reassurance. Let me be clear that EU nationals and citizens can continue to live, work and study here in the UK under existing EU law. They will also be able to be accompanied or joined by family members. I know the whole House will agree that it is important that we make this clear and continue to provide reassurance to all our constituents.
I understand what the Minister says and it all sounds very good, but why was the Chancellor this afternoon able to give specific assurance about bankers that apparently the Minister is unable to give to the rest of our EU citizens?
We should not be trying to create an atmosphere of fear. We should set out the reassurances I have given and will continue to give.
In conclusion, EU nationals can have the Government’s complete reassurance that there is no immediate change to their right to enter, work, study and live in the UK as a result of the EU referendum. I reassure EU citizens in Scotland and up and down the country generally that we recognise the enormous contribution they make to our economy, our health service, our schools, our care sector and our communities. We will act fairly towards them as we expect other EU countries to act fairly to our citizens living there.