Rupa Huq
Main Page: Rupa Huq (Labour - Ealing Central and Acton)Department Debates - View all Rupa Huq's debates with the Cabinet Office
(7 years, 1 month ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
The Prime Minister
I absolutely agree with my hon. Friend. That was why I set out in my Florence speech what our future trade relationship could be like. That has elicited a response from the EU27, and they are now preparing for negotiations on that relationship.
Dr Rupa Huq (Ealing Central and Acton) (Lab)
May I just say what fine fettle the Prime Minister appears to be in, given the German media reports at the weekend suggesting that she was the opposite? Something must have been lost in translation. Anyway, does she share the concern of my constituents who work in the City of London at the declaration of the CEO of Goldman Sachs that he will be spending a lot more time in Frankfurt after all this? Similar musings have come out of J. P. Morgan and Morgan Stanley. What is the Prime Minister doing to stem the brain drain and corporate exodus that faces our great capital?
The Prime Minister
Of course we want to ensure that the City of London retains its place as the world’s leading financial centre. That has been reconfirmed recently. I say to those who think that the City of London will be damaged by our leaving the European Union that the very reasons why the City is so important in an international financial sense are the very reasons why it is important for the City to retain that financial services provision for the rest of the EU as well.