Extract from Commons debate on Leaving the EU: Negotiations - July 10
Wednesday, 11 July 2018 08:11
Sir Vince Cable (Twickenham) (LD):...The other major disadvantage
of what the Government are proposing is, as several Members pointed
out yesterday, the complete neglect of the services sector. It is
not just 80% of the British economy, but includes extremely
important industries—notably financial services, but also creative
industries, the digital sector and entertainment, and of course
much manufacturing happens through services
exports. Rolls-Royce earns as much from its...Request free trial
Sir (Twickenham) (LD):...The
other major disadvantage of what the Government are proposing is,
as several Members pointed out yesterday, the complete neglect of
the services sector. It is not just 80% of the British economy, but
includes extremely important industries—notably financial services,
but also creative industries, the digital sector and entertainment,
and of course much manufacturing happens through services
exports. Rolls-Royce earns as much from its
maintenance contracts as it does from selling its engines. When we
send cars to the European Union, we sell them with a package
attached to financial services. It is not at all clear how the
Government propose to unscramble those very complicated
relationships...
To read the whole debate, CLICK
HERE
|
