Question to the HM Treasury:

To ask Her Majesty's Government what plans they have, if any, to ensure that London is the top global financial centre after the UK has left the EU.

The government is committed to the long-term success of the UK as a global centre for financial services. As we leave the EU, we will make the most of the opportunities to build on the UK financial services sector’s strengths of innovation, resilience, and openness, ensuring that it delivers prosperity to every region and nation in the UK.

We are seeking to agree a deal with the EU that keeps us as the financial hub for Europe, securing market access where our markets are most integrated through EU equivalence decisions and stabilising these decisions through a Free Trade Agreement.

The sector’s long-term success will be driven by the markets of the future, such as fintech and green finance, and we will continue to work with industry through initiatives such as the Green Finance Institute to cement the UK’s world-leading position. To ensure the sector has the long-term skills to underpin its global competitiveness, we will work closely with the sector and the new Skills Commission, proposed by the Financial Services Skills Task Force, to drive collective progress on this important issue.