Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what representations he has received from the financial services sector on whether financial institutions may leave the UK once the UK leaves the EU.

The Government has undertaken an extensive programme of engagement with financial services firms since the referendum last year, in order to listen to and understand concerns from across the sector.

This has included ministerial and official meetings with firms from the banking, asset management, insurance, pensions and market infrastructure industries.

We have been clear that we are aiming for a deep relationship with our EU partners which will maintain as much of the current cross-border arrangements as possible.