Question to the Department for Exiting the European Union :

To ask the Secretary of State for Exiting the European Union, what estimate his Department has made of the number of jobs in the UK dependent on UK financial services passporting to the EU single market.

DExEU, supported by other departments across Government, is carrying out a programme of sectoral and regulatory analysis. We are conducting analysis on over 50 sectors within the areas of goods; services; financial services; network industries; and agriculture and fisheries. We are also carrying out analysis on cross-cutting regulations. Together with extensive stakeholder engagement, all this analysis will be used to inform the Government’s approach to, and during, the negotiations.

There are a range of factors affecting the financial services sector, of which passporting is one. In negotiating our future relationship with Europe we are determined to maintain this country’s position as a global leader in financial services.