Oral Answers to Questions

Debate between Seema Malhotra and David Mundell

Wednesday 25th April 2018 Commons Chamber

[Seema Malhotra (Feltham and Heston) (Lab/Co-op)]

Two thirds of the UK’s jobs in financial and professional services are outside London and many are in Scotland. Reuters estimates that 5,000 jobs in financial services might move because of Brexit. What advice has the Secretary of State been given about how this could affect jobs in Scotland?

[David Mundell]

The hon. Lady is right. It is very important that everyone is clear that financial services are not just in the City of London but are hugely important in Scotland and the other constituent parts of the UK. That is why we are fighting for a good deal from the EU on financial services.