Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, whether his Department has undertaken an impact assessment of the effect on the UK financial sector of the UK leaving the single market.

The Government has conducted analysis of over 50 sectors of the economy, including financial services.

The Government has recently published a series of papers, and will be publishing further papers, which set out the UK’s approach to our new deep and special partnership with the EU. These papers are designed to provide citizens and businesses at home and across Europe with a deeper understanding of our thinking and draw on the extensive and diverse engagement the Government has sought from external parties.