Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential effect on the financial technology sector of the UK exiting the EU; and if he will make a statement.

The UK remains very much open for business and the Government is committed to supporting the financial technology sector, as demonstrated by the Autumn Statement which announced a £400 million increase in funding for the British Business Bank, alongside a package of FinTech specific measures.

We have been clear that we are committed to getting the best possible deal for trade in UK goods and services.

The government is maintaining an open dialogue with the financial technology sector as it prepares to withdraw from the EU.