Treasury: EU Law

(asked on 28th June 2017) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, how many new EU directives relating to his Department's responsibilities are in negotiation in the EU.


Answered by
Elizabeth Truss Portrait
Elizabeth Truss
This question was answered on 4th July 2017

Until exit negotiations are concluded, the UK remains a full member of the European Union and all the rights and obligations of EU membership remain in force. During this period the Government will continue to negotiate, implement and apply EU legislation.

HM Treasury is responsible for measures relating to the Economic and Financial Affairs Council. This includes economic policy, taxation issues, financial markets and capital movements, the EU budget, economic relations with countries outside the EU, and coordination of EU positions for international meetings such as the G20, the International Monetary Fund, and the World Bank.

The Department provides Explanatory Memoranda to Parliament on any proposals defined by the terms of reference of the parliamentary EU scrutiny committees, which can be found online.

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