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<p>Until exit negotiations are concluded, the UK remains a full member of the European
Union and all the rights and obligations of EU membership remain in force. During
this period the Government will continue to negotiate, implement and apply EU legislation.</p><p>
</p><p>HM Treasury is responsible for measures relating to the Economic and Financial
Affairs Council. This includes economic policy, taxation issues, financial markets
and capital movements, the EU budget, economic relations with countries outside the
EU, and coordination of EU positions for international meetings such as the G20, the
International Monetary Fund, and the World Bank.</p><p> </p><p>The Department provides
Explanatory Memoranda to Parliament on any proposals defined by the terms of reference
of the parliamentary EU scrutiny committees, which can be found online.</p>
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