Question to the HM Treasury:

To ask Her Majesty's Government what assessment they have made of the report by EY EY Financial Services Brexit Tracker, published on 2 March; and what assessment they have made of the impact of the UK’s departure from the EU on (1) the transfer of assets from the UK to the EU, and (2) the UK economy.

In November, the Chancellor set out his vision for a new chapter for the UK’s FS sector to the House of Commons.

The UK’s FS sector will remain global, open and competitive, while being underpinned by high quality, agile and responsive regulation, and safe and stable markets. It will pioneer financial technology to benefit consumers and businesses, use innovation and finance to tackle climate change and move to a net-zero future.