Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Stephen Hammond Excerpts
Tuesday 18th July 2017

(7 years, 1 month ago)

Commons Chamber
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Elizabeth Truss Portrait Elizabeth Truss
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The hon. Lady should be aware that more than half of nurses and NHS workers saw a 3% pay rise last year. She needs to check her facts.

Stephen Hammond Portrait Stephen Hammond (Wimbledon) (Con)
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T10. Last night, I met a major financial institution. Does my hon. Friend agree that for London to retain its place as the leading financial centre we need a regulatory regime based on mutual recognition and an early-agreed transitional phase to provide certainty?

Steve Barclay Portrait Stephen Barclay
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My hon. Friend rightly champions that key sector which provides £71 billion of tax to fund public services. It is in the interests of the UK and the EU to avoid fragmentation because that will increase costs, and the Prime Minister has made it clear that we are ambitious, in terms of the trade deal that we reach with the EU, to come to an arrangement that delivers regulatory equivalence.