Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps his Department is taking to support the financial sector to increase its competitiveness.

In his Mansion House statement last July, the Chancellor set out the Government’s vision an open, competitive, green, and technologically advanced financial services.

A sweeping set of reforms to sharpen the UK’s competitive advantage in financial services is already underway. As set out in the Queen's Speech, the upcoming Financial Services and Markets Bill will deliver on these commitments by implementing the outcomes of the Future Regulatory Framework (FRF) Review as well as a series of important initiatives underpinning the Government’s ambitious vision for the financial services sector.