Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she has made an assessment of the potential impact of the UK-US trade deal on financial services.

The US is our single largest financial services trading partner and relations are strong. As hosts of the top two global financial hubs, both nations benefit from deep, global financial markets and strong trade ties.

The General Terms for the UK-US Economic Prosperity Deal agreed on 8 May confirm that we will negotiate digital trade provisions that include financial services. The General Terms can be found here. However these General Terms are only the first step in our negotiations on a wider economic deal.

The Government will provide further updates as appropriate.