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Call for Evidence

Written submissions

FUTURE UK-EU RELATIONS: TRADE IN SERVICES

CALL FOR EVIDENCE

The House of Lords EU Services Sub-Committee, chaired by Baroness Donaghy, has launched an inquiry into the future of UK-EU relations on trade in services. This includes examining the impact of the provisions set out in the EU-UK Trade and Cooperation Agreement.

The Committee invites interested individuals and organisations to submit written evidence to this inquiry by 5 February 2021. Evidence sessions are expected to take place in January and February, and the Committee aims to report to the House by Easter. 

Diversity comes in many forms, and hearing a range of different perspectives means that Committees are better informed and can more effectively scrutinise public policy and legislation. Committees can undertake their role most effectively when they hear from a wide range of individuals, sectors or groups in society affected by a particular policy or piece of legislation. We encourage anyone with experience or expertise of an issue under investigation by a select committee to share their views with the committee, with the full knowledge that their views have value and are welcome. 

Background 

The services sector is made up of a diverse range of activities and functions, which account for a significant share of the UK economy and exports. Services accounted for 42% of the UK’s exports to the EU in 2019, amounting to over £125 billion. This inquiry will consider the impact of the provisions set out in the EU-UK Trade and Cooperation Agreement (“the Agreement”) on the UK’s services sector, with a particular focus on trade in services with the EU.

The service sectors of interest to the Committee’s inquiry include, but are not limited to:

  • Financial services;
  • Professional and business services (such as legal services, accountancy, auditing, architecture, engineering, advertising, market research, recruitment services);
  • Research and education;
  • Creative industries (including audio-visual services); and
  • Data and digital services.

The Committee is interested to hear from companies, membership organisations, representative bodies, Government, non-governmental organisations, academics, and interested stakeholders and individuals about the impact of the UK-EU Trade and Cooperation Agreement on trade in services. The Committee would welcome views on areas of interest which are cross-cutting and may impact on a large number of services sectors, as well as specific sectoral implications. Submissions are also invited to reflect upon future UK-EU relations on trade in services more broadly.

The inquiry

The Committee seeks evidence on the following questions in particular:

Cross-cutting issues:

1. What is the impact for trade in services of the UK and EU reaching a free trade agreement?

2. What effect may national reservations to the UK-EU Trade and Cooperation Agreement have on trade in services with the EU?

3. What effect will arrangements on the mobility of professionals have on trade in services between the UK and EU?

4. How will the intellectual property provisions set out in the Agreement affect UK-EU trade in services?

Financial services:

5. How will the arrangements in the UK-EU Trade and Cooperation Agreement shape UK-EU trade in financial services?

6. The Joint Declaration on Financial Services Regulatory Cooperation sets out that both sides seek to establish structured regulatory cooperation on financial services. What form should this dialogue take?

7. Given the plans to delegate more powers to financial regulators, what form of Parliamentary oversight of these regulators would be appropriate?

8. How might the financial services sector be affected by the changes in other, interrelated sectors?

Professional and business services:

9. How will the new UK-EU framework for the mutual recognition of professional qualifications affect professionals and service sector businesses?

10. What will be the impact of the Agreement’s provisions on the cross-border supply of services and rights of establishment, such as commitments on local presence and economic needs tests?

Research and education:

11. Under the future relationship agreement, the UK will become an associate member of Horizon Europe but will not associate with the Erasmus+ programme. What impact will this have on the UK’s research and education sector and students in the UK and EU?

12. What is your assessment of the Turing Scheme - the Government proposed domestic alternative to Erasmus+?

Creative industries:

13. How will the provisions in the UK-EU Trade and Cooperation Agreement affect the creative industries sector?

Data and digital services:

14. The EU has granted the UK a six-month data adequacy ‘bridge’ to allow the free flow of personal data until the EU determines whether or not to grant a data adequacy decision to the UK. How would the absence of a data adequacy decision at the end of this bridging period affect trade in services?

15. What impact will the arrangements agreed have on digital trade and trade in digital services between the UK and EU?

You do not need to answer all of these questions. 

This call for written evidence has now closed.

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