New Partnership with the EU

Part of the debate – in the House of Commons at 1:51 pm on 17th January 2017.

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Photo of David Davis David Davis The Secretary of State for Exiting the European Union 1:51 pm, 17th January 2017

The Governor and my hon. Friend make a very good point. The existence of the City of London ensures a pool of liquidity and an almost bottomless source of low-cost finance for most of the industries of Europe, so countries have every interest in doing the deal we have described. I reiterate that that is what we are relying on: that it is in everybody’s interests to do this—economically, socially and in terms of financial stability.