Progress on EU Negotiations Debate

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Department: Cabinet Office

Progress on EU Negotiations

Stephen Timms Excerpts
Thursday 22nd November 2018

(5 years, 12 months ago)

Commons Chamber
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Baroness May of Maidenhead Portrait The Prime Minister
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That is certainly our position. That remains our position. Of course a reference within the fisheries section—I think it is in the fisheries section—refers to the desire to have those arrangements in place by July 2020, such that they are in place for the consideration of fixing access and quotas for 2021 and thereafter.

Stephen Timms Portrait Stephen Timms (East Ham) (Lab)
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On financial services, the Prime Minister said that equivalence would not be withdrawn on a whim. Will she tell the House what she meant by that? At the moment, equivalence for a third country can be withdrawn by the European Union at 30 days’ notice, as Switzerland is now experiencing. Will it be different for the UK?

Baroness May of Maidenhead Portrait The Prime Minister
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Yes. If the right hon. Gentleman cares to look at the language in the political declaration, it is clear that what we are negotiating for financial services does in fact go beyond what is available elsewhere.