Question to the HM Treasury:

To ask His Majesty's Government what discussions they have had with the European Union regarding financial services as part of the UK-EU reset.

Strengthening our relationships with all international partners, including the EU, is a key focus of the Government’s Financial Services Growth and Competitiveness Strategy.

The UK and EU both face the same challenges – delivering growth, renewal of our infrastructure and the green transition. Financial services are a key part of the solution. We want to work with the EU to ensure that firms and individuals across Europe are able to access much needed capital and investment as efficiently as possible.

This is the message the Chancellor has set out to EU Leaders, including at Eurogroup in December 2024, and reiterated in her Mansion House speech last July. This was also the message that the Economic Secretary to the Treasury shared when she met with European Commissioner Maria Luís Albuquerque in Brussels in January.