Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what assessment he has made of the economic effect on the UK of the UK withdrawing from the European Banking Authority.

On 23 June the British people voted to leave the EU and the Government will deliver on their verdict. We will continue to undertake the policy work to support the UK's negotiations to leave the European Union and to establish the future relationship between the EU and the UK. However, we are not going to give a running commentary on every twist and turn of our exit negotiations. It is in all our interests for UK and EU to work together on both our withdrawal and a new relationship and for us to be able to deliver a successful outcome through a constructive negotiation.