Extract from Treasury
Questions
(Newcastle upon Tyne Central)
(Lab): On Friday, I visited Wirecard, an innovative
financial technology company in the emerging payments sector; it
is based in Newcastle. It is concerned that leaving the European
single market, and in particular the passporting rights, will
diminish investment in fintech, an area in which this country
leads, and which is growing in Newcastle and the north-east. What
reassurance will the Minister give Wirecard?
The Chief Secretary to the Treasury (Mr David
Gauke): As the hon. Lady will be aware, the Prime
Minister will have just begun making a speech on this matter, and
my right hon. Friend the Secretary of State for Exiting the
European Union will make a statement to the House later. Let me
just say that the UK is in a very strong position on fintech, and
on ensuring that this successful sector is a priority. Indeed,
the Minister for Trade and Investment, my right hon. Friend the
Member for Chelsea and Fulham (Greg Hands), led a delegation of
33 companies to India, where the focus was, among other things,
on this sector and promoting the best of British businesses. We
will continue to ensure that the UK remains a strong place for
the sector.
Extract from SNP debate
on Leaving the EU: the Rural Economy
(Richmond (Yorks))
(Con):...The second benefit to our rural economy
will be for the food industry and trade. Food demand is projected
to grow by 70% in the coming decades, which is a huge opportunity
for British food producers. The demand is being driven by China,
Brazil, the US and India, all of which are countries that
the EU has entirely failed to sign a free trade agreement with.
With British trade policy back in British hands, we can sign a
new generation of free trade agreements, allowing our companies
to fulfil their enormous potential abroad. Lastly, rural
businesses will gain enormously from the freedoms Brexit will
give us to invest in infrastructure...
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