Scottish Economy

Part of Oral Answers to Questions — Treasury – in the House of Commons at 12:00 am on 24 October 2017.

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Photo of Philip Hammond Philip Hammond The Chancellor of the Exchequer 12:00, 24 October 2017

My hon. Friend is right to draw attention to the important role of financial services and insurance in the Scottish economy as a subset of the broader point that the internal market works extremely well for Scotland and is very important to Scotland’s exports. It would clearly be catastrophic for the financial and insurance services sector if businesses based in Scotland were no longer able to operate across the border into England.