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Written question asked by Lord Beecham (Labour) on Wednesday, 3 March 2021, in the House of Lords. It was due for an answer on Wednesday, 17 March 2021. It was answered by Lord Agnew of Oulton (Conservative) on Tuesday, 16 March 2021 on behalf of the Treasury.


Financial Services: UK Relations with EU

Question

To ask Her Majesty's Government what assessment they have made of the report by EY EY Financial Services Brexit Tracker, published on 2 March; and what assessment they have made of the impact of the UK’s departure from the EU on (1) the transfer of assets from the UK to the EU, and (2) the UK economy.

Answer

In November, the Chancellor set out his vision for a new chapter for the UK’s FS sector to the House of Commons.

The UK’s FS sector will remain global, open and competitive, while being underpinned by high quality, agile and responsive regulation, and safe and stable markets. It will pioneer financial technology to benefit consumers and businesses, use innovation and finance to tackle climate change and move to a net-zero future.


Secondary information

Type
Written question
Reference
HL13857
Session
2019-21
Subjects
Assets Financial services UK relations with EU
Link
View this Written question on www.parliament.uk