Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what steps his Department is taking to increase the competitiveness of the financial services sector.
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; and in November the Government published the second consultation in its Future Regulatory Framework review, which provides a once in a generation opportunity to ensure that the UK maintains a coherent, agile, and internationally respected approach to financial services regulation.