Written questions, answers and statements

European Banking Authority and European Medicines Agency

Show full question

Question for Department for Exiting the European Union

UIN 902952, tabled on 14 December 2017

Question

Marsha De Cordova
Labour
Battersea
Commons

What assessment the Government has made of the effect on the UK economy of the (a) European Medicines Agency and (b) European Banking Authority relocating from London to other EU countries.

Answer

Mr Robin Walker
Conservative
Worcester
Commons

Answered on

14 December 2017

The decision to relocate the Agencies was one for the EU27.

We have consulted with industry and discussed issues specifically relating to the EBA and EMA as well as other issues and opportunities relating to the banking and life sciences sectors.

As part of the negotiations, we will discuss how best to continue cooperation in the fields of medicines and banking regulation.

And we are determined to ensure the life sciences sector continues to thrive and the UK’s leading position in financial services is maintained as we leave the EU.

Answered by

Department for Exiting the European Union
Named day
Named day questions only occur in the House of Commons. The MP tabling the question specifies the date on which they should receive an answer. MPs may not table more than five named day questions on a single day.