Stephen Timms – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Stephen Timms on 2016-07-07.

To ask Mr Chancellor of the Exchequer, what recent discussions he has had with stakeholders on the implication of the outcome of the EU referendum for future levels of employment in the UK financial services industry.

Mr David Gauke

The Government is committed to the UK hosting the world’s most competitive international financial centre and securing a long-term economic relationship with the rest of Europe that provides for the best possible terms of trade in goods and services, including financial services.

The Chancellor and other Treasury ministers have met, and will continue to meet, a number of financial services stakeholders since the referendum. The impact of the referendum on the financial services industry was discussed at these meetings. Future employment in the UK financial services industry will be commercial decisions for individual firms.