Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Jonathan Edwards Excerpts
Tuesday 17th April 2018

(6 years ago)

Commons Chamber
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Elizabeth Truss Portrait Elizabeth Truss
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My right hon. Friend the Chancellor recently made a speech outlining the future of financial services and making sure we get the best possible deal with the European Union. Let us remember that London is a global financial centre—it was recently rated the best in the world—and as well as getting the best deal with the EU, we need to make sure that we can trade with the rest of the world.

Jonathan Edwards Portrait Jonathan Edwards (Carmarthen East and Dinefwr) (PC)
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It seems to me that over recent months the UK has changed its position from negotiating the final deal before the transition period to negotiating the final deal during the transition period. Is not the reality that the British Government’s negotiating position will be considerably weakened once we have left the EU?

Elizabeth Truss Portrait Elizabeth Truss
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We have made huge progress in the European negotiations. We are seeing business confidence increasing and investment increasing, and by this autumn we should have agreed a clear framework with the EU so that businesses have certainty about future investment.