Oral Answers to Questions

Debate between John Glen and Paul Blomfield

Tuesday 26th January 2021 Commons Chamber

[John Glen]

To clarify for the right hon. Gentleman, the equivalence granting process is an autonomous, separate process from the MOU discussion. The MOU is about a framework to evaluate the future direction of financial services across the EU and UK. I remain very ambitious for the financial services sector. The Chancellor and I are continuing to have a dialogue—with roundtables with representatives of the sector this week and next week, as well as one-to-one meetings—to ensure that we listen to the sector, and respond appropriately and ambitiously for the future.

[Paul Blomfield (Sheffield Central) (Lab)]

What assessment the Government have made of the potential economic effect of the UK-EU trade and co-operation agreement on each region of the UK.