Exiting the EU: Public Finances

Part of Oral Answers to Questions — Treasury – in the House of Commons at 12:00 am on 18 April 2017.

Alert me about debates like this

Photo of Jonathan Reynolds Jonathan Reynolds Shadow Economic Secretary (Treasury) 12:00, 18 April 2017

I agree with the Chancellor that one of the biggest contributors to the UK’s public finances is the tax revenue that we receive from the financial services sector. Now that we have had the triggering of article 50 and the Government’s White Paper, will he tell us whether he is confident that that revenue will not be significantly reduced, either through the loss of jobs or the loss of any major areas of financial activity?