Oral Answers to Questions

Debate between Robin Walker and Roberta Blackman-Woods

Thursday 20th October 2016 Commons Chamber

[The Parliamentary Under-Secretary of State for Exiting the European Union (Mr Robin Walker)]

Absolutely. We do not think that there is any doubt about that. London has once again been ranked as the No. 1 global finance centre in 2016. The next highest ranking EU location was not even in the top 10. Being part of the EU market is partly responsible for our ranking, and we are looking to maintain the best possible terms of trade with the EU market, but that is not the only factor. London clearly leads the world with the depth and expertise of its labour force, the breadth of its knowledge, services and infrastructure and its wide array of links to markets around the world. It is in the interests of the UK and the EU that that should continue.

[Dr Roberta Blackman-Woods (City of Durham) (Lab)]

T7. I did not quite catch the Minister’s response earlier, so will he tell us again what priority he is giving to ensuring that universities and research funding more broadly will not be adversely affected by Brexit, and that current research protocols will be protected?

[Mr Walker]

The hon. Lady makes an important point. As I said earlier, we want the UK to remain a scientific superpower. We have already seen significant guarantees from the Treasury in the lead-up to 2020. It will be in the interests of future UK Governments to ensure that we remain one of the world’s scientific leaders.