Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what recent progress he has made on achieving equivalence for British financial services in the EU from 1 January 2021.
Equivalence assessments are a technical process that each side is carrying out separately, distinct from the financial services negotiations in the FTA. The UK has completed its assessments for the EU following constructive engagement with our regulators, and will make decisions for the EU where it makes sense to do so.