Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what estimate his Department has made of the tax revenues that will be lost when the European Medicines Agency and the European Banking Authority leave the UK.

The Government continues to carry out a significant amount of work to assess the economic and fiscal impacts of leaving the EU, as part of a continuing programme of analytical work covering a range of possible exit scenarios, including sectoral analysis. The location of the European Union’s agencies is a matter for the European Union. As we enter into negotiations, we will work hard to seek the best possible deal for the UK.