Financial Services

(asked on 8th May 2018) - View Source

Question to the Department for Exiting the European Union :

To ask the Secretary of State for Exiting the European Union, what assessment his Department has made of the potential risks to the economic sustainability of the financial services sector in each constituent part of the UK after the UK leaves the EU.


Answered by
Suella Braverman Portrait
Suella Braverman
This question was answered on 16th May 2018

The Government continues to undertake a wide range of ongoing analysis covering all constituent parts of the UK to inform the UK’s position for the negotiation with the European partners. A key part of that understanding is the differences across the UK and across all sectors of the UK economy.

We are committed to positive and productive engagement with the devolved administrations, local government and businesses as we seek a deal that works for the entire UK. Ministers and senior officials meet with financial services firms across the UK; Parliamentary Under Secretary of State, Robin Walker, recently met an insurance firm in Cardiff to discuss how EU exit will impact their company and the Welsh financial services sector. Financial services firms in all parts of the UK benefit from access to the European market and as we seek to negotiate our Future Partnership we will continue to engage all parts of the country.

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