Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Stephen Timms Excerpts
Thursday 9th June 2016

(8 years, 6 months ago)

Commons Chamber
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John Bercow Portrait Mr Speaker
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I am sure that the hon. Gentleman’s performance is greatly enjoyed, not least by the hon. Gentleman.

Stephen Timms Portrait Stephen Timms (East Ham) (Lab)
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7. What assessment he has made of the potential benefits for the UK digital economy of completing the EU digital single market.

Lord Vaizey of Didcot Portrait The Minister for Culture and the Digital Economy (Mr Edward Vaizey)
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As I was saying, we have a great broadband Britain in a great European Union. Britain sits at the centre of the digital single market, which, if it is implemented, will increase GDP for Europe by 3%, or some £300 billion.

Stephen Timms Portrait Stephen Timms
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This time, I think the Minister is on to something. The UK is Europe’s leading digital economy, and we have the most to gain from the digital single market. That is why 70% of techUK members and 96% of the members of the Creative Industries Federation want us to remain in the European Union. Will the Minister have a go at persuading his right hon. Friend the Secretary of State how damaging it would be for digital jobs in the UK if we left the EU?

Lord Vaizey of Didcot Portrait Mr Vaizey
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My right hon. Friend the Secretary of State has a mind of his own, and he quite rightly often takes the view that it is not worth listening to me, which is probably why he is such a successful Secretary of State. I do wish he would listen to me on this issue, however, because tech and digital companies do benefit from our membership of the European Union and they will continue to thrive if we stay in the EU.