20:59 Seema Malhotra (Labour)

Over the summer, along with my hon. Friend the Member for Aberavon (Stephen Kinnock), I wrote a piece proposing a six-point Brexit plan to help to support our prosperity and security. We said we believed that the UK needed to remain a member of the single market, although some reform of the market might be necessary if it were to do so. We recognised that the Tories’ 2015 manifesto promised to safeguard Britain’s interests in the single market. We called for, and understood the need for, greater controls over freedom of movement, on which, in my view, we should seek to negotiate with other countries. We said that we should protect our financial services sector—for example, through passporting rights—and keep up with the EU in respect of measures to tackle tax avoidance. I believe—I shall say more about this shortly—that we must keep our stake in the European Investment Bank. We said that we must shadow the EU’s environmental legislation, and must not become the weak link in Europe when it comes to tackling pollution and climate change. Vitally, however, we need to shadow the EU’s employment legislation: that, I believe, is absolutely crucial.

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