New Clause 17 - Reporting requirements

Part of Financial Services and Markets Bill – in the House of Commons at 5:45 pm on 7 December 2022.

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Photo of Andrew Griffith Andrew Griffith The Economic Secretary to the Treasury 5:45, 7 December 2022

I will not give way to my hon. Friend this time.

To conclude, financial and related professional services play a crucial role, as we have heard from many speakers. They contribute nearly £100 billion in taxes and, as my right hon. Friend the Member for Chelmsford reminded us, that pays for more than the cost of the salaries of every nurse in this country. The Government have an ambitious programme for an open, outward, sustainable, technologically advanced and internationally competitive sector that will unleash the most opportunities not just for those who work in it, but for communities across the United Kingdom.