Oral Answers to Questions

Lord Johnson of Marylebone Excerpts

Tuesday 11th December 2018 Commons Chamber

[John Glen]

Following on from the Budget, we have a series of measures to assist credit unions to expand their role in delivering affordable credit across communities. We have a scheme of work over the next three months to pilot interest-free loans and prize-linked saving schemes, to help credit unions to grow as they have been doing in recent years.

[Joseph Johnson (Orpington) (Con)]

What do the Government make of the Centre for European Reform’s report this week that warned of a 60% fall in UK financial services exports to the EU in the event that we lose access to the single market and put a free trade agreement in its place?

[John Glen]

The City remains very concerned to secure a deal in order to maximise the strong relationship that we have with the EU and with the rest of the world.