Financial Services

Scotland written question – answered on 27th March 2007.

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Photo of Mark Lazarowicz Mark Lazarowicz Labour, Edinburgh North and Leith

To ask the Secretary of State for Scotland what steps he has taken to secure the long-term future of the financial services sector in Scotland.

Photo of Douglas Alexander Douglas Alexander The Secretary of State for Scotland, The Secretary of State for Transport

My right hon. Friend's decision to cut corporation tax directly addresses the concerns raised by the financial services sector when I have met them recently. Furthermore, recognising the significance of the sector in Scotland, the Chancellor invited me to join his high-level group on financial services. I am now currently working with the industry preparing a paper for the Chancellor's Group on what more can be done to support financial services in Scotland and win new investment and jobs.

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