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Global Britain

Part of the debate – in the House of Commons at 3:41 pm on 3rd February 2020.

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Photo of Iain Duncan Smith Iain Duncan Smith Conservative, Chingford and Woodford Green 3:41 pm, 3rd February 2020

I congratulate my right hon. Friend on his statement and the Prime Minister on his.

Looking at the service sector, given that the EU has made next to no effort in most of the trade deal arrangements that they have negotiated to put any special pressure for a regulatory position for the UK in financial services, does my right hon. Friend now think that the EU will reference enhanced equivalence, as in the paper written by the lawyer Barnabas Reynolds, which the Treasury accepted? Will my right hon. Friend be proposing that to the EU as the way forward when it comes to regulation?