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EU Internal Market Sub-Committee
Oral evidence concluded; report in preparation.
The EU Internal Market Sub-Committee are investigating the implications of Brexit for the UK's trade in services with the EU. Domestically, the services sector dominates the UK economy, contributing around 79% of GDP. The services sector now employs over 25 million people, out of the 33 million people in employment in the UK. The EU is the UK's largest export market for services–accounting for 40% of trade.
The Committee will be taking evidence from key service sectors, such as Professional Business Services, aviation and telecommunications, in order to determine the implications of the different levels of market access the UK might negotiate with the EU. The inquiry aims to influence the Government's position on Brexit negotiations by developing a strategic overview of the relative importance of different sectors and identifying clear priorities in each sector.
Evidence given by Rt Hon Matt Hancock MP, Minister of State for Digital and Culture, Department for Culture, Media and Sport; Lord Tariq Mahmood Ahmad of Wimbledon, Parliamentary Under Secretary of State for Transport, Department for Transport; Dr Jesse Norman MP, Parliamentary Under Secretary of State, Minister for Industry and Energy, Department for Business, Energy and Industrial Strategy.
Evidence given by Ms Alice Enders, Enders Analysis; Mr John McVay, PACT; Mr Adam Minns, COBA.
EU Internal Market Committee publish report on Brexit: trade in non-financial services