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Written Question
Financial Services: Tax Yields
Tuesday 12th March 2019

Asked by: Lord Vaux of Harrowden (Crossbench - Excepted Hereditary)

Question to the HM Treasury:

To ask Her Majesty's Government what assessment they have made of the possible reduction in tax receipts from  the UK financial services industry as a result of the actions being taken by financial services businesses to enable their businesses to operate after Brexit.

Answered by Lord Bates

The Government has published a detailed set of economic analysis on the long-term impacts of EU exit on the UK economy, its sectors, nations and regions and the public finances.

The Chancellor will also be providing the independent OBR’s updated fiscal and economic forecasts at the Spring Statement on 13th March.