Business of the House
Debate between Stephen Hammond and David Lidington(7 years, 6 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Lidington
As I have said, there will be a debate on Concentrix in Opposition time next week. On the constituency case, if the hon. Gentleman wants to get the details to me later today, I will send them straight to the Financial Secretary.
Stephen Hammond (Wimbledon) (Con)
The UK financial services sector employs 2 million people and is our largest exporter and our largest generator of tax revenue. Will the Leader of the House find time for a debate in this Chamber on the industry’s importance to the UK economy and, indeed, to the Government’s framework for transitional arrangements, so that we can thrive post-Brexit?
Mr Lidington
This may be something my hon. Friend is able to raise in the forthcoming debate on industrial strategy, but I am happy to join him in recognising the importance of the sector to the UK economy. I am sure that there will be opportunities, whether under business arising through the Department for Exiting the European Union or through the Department for Business, Energy and Industrial Strategy, to reinforce the importance of the message he has given the House.
UK’s Relationship with the EU
Debate between Stephen Hammond and David Lidington(8 years, 2 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Urgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.
Each Urgent Question requires a Government Minister to give a response on the debate topic.
This information is provided by Parallel Parliament and does not comprise part of the offical record
Mr Lidington
We are certainly aware of our statutory obligations. As I have said, no decision has been taken by the Government about the date of the referendum and no decision can be brought to Parliament for approval until a deal has been secured.
Stephen Hammond (Wimbledon) (Con)
Does my right hon. Friend agree that it is the details that have been negotiated, and not the emotions, that should determine the analysis of what the Prime Minister has done? Will my right hon. Friend confirm that under paragraph 5 of the economic governance section, the institutions of the EU will be sovereign over the eurozone, which will be a powerful tool for the economic future of this country?
Mr Lidington
It is in the interests of the United Kingdom that our partners and friends who have committed themselves to the single currency should be able to ensure that the currency union is stable and that it creates the conditions for economic growth and higher employment. That will benefit us, so we will not stand in the way of their integration if that is what they wish for. However, we want to ensure that any such eurozone integration does not take place at a financial or political cost to countries like ours that have decided to stay out of the currency union. The principles that are set out in the Tusk drafts today take us a long way towards securing that objective.