Financial Services Bill Debate

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Department: Leader of the House
Baroness Fookes Portrait The Deputy Chairman of Committees (Baroness Fookes) (Con)
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I have received a request to speak after the Minister from the noble Lord, Lord Northbrook.

Lord Northbrook Portrait Lord Northbrook (Con) [V]
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My Lords, since we are already diverging from the EU—for instance, with regard to lightening new share-listing rules—does the Minister believe that equivalence does not really matter because Her Majesty’s Government believe that the UK will make up the lost revenue from the passporting system in this and other financial areas?