Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, if he will assess the merits of establishing a negotiating bloc with other financial centres to conclude an extra-EU deal on financial services' tariff-free access to the single market.

The Treasury places a high priority on getting the right arrangements for the financial services sector. Two key objectives will be to secure the greatest degree of access possible to European markets for our businesses and to continue to exploit opportunities with other parts of the world to deepen our regulatory dialogue and increase trade and investment. The UK’s specific long-term financial services trading relationships with both EU and non-EU will be subject to future discussions and negotiations with each of these parties.