Question to the HM Treasury:

To ask Her Majesty’s Government whether they are taking steps to put in place transitional measures for the UK's financial services to cover the time between the UK leaving the EU and the implementation of the UK's exit agreement.

As the Prime Minister has said, it is in no one’s interests for there to be a cliff-edge for business or a threat to stability as we change from our existing relationship to a new partnership with the EU.

The Prime Minister set out the government’s ambition to reach an agreement about our future partnership by the time the 2 year Article 50 process is concluded, followed by a phased process of implementation, in which both Britain and the EU institutions and member states prepare for the new arrangements that will exist between us.