Question to the HM Treasury:

To ask Her Majesty's Government what steps they are taking to offer reassurance to financial industries regarding their capability to continue to operate in the EU, in the light of comments by Mr Michel Barnier in December 2017 suggesting that UK financial firms would “lose the financial services passport” following Brexit.

What our future relationship with the EU will look like is a matter for negotiations. The Government is confident of negotiating a deep and special economic partnership that includes a good deal for financial services. A relationship that avoids the costly and disruptive fragmentation of financial markets is clearly in the EU's best interests, as well as ours.