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Financial Services: City of London

HM Treasury written question – answered on 5th January 2017.

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Photo of Lord Birt Lord Birt Crossbench

To ask Her Majesty’s Government what plans they have to offer early clarification to City institutions on how they will be able to operate within the European Union after Brexit.

Photo of Baroness Neville-Rolfe Baroness Neville-Rolfe The Commercial Secretary to the Treasury

The Prime Minister has been clear that the Government will set out its position on withdrawing from the EU before Article 50 is invoked. This is consistent with providing clarity to all parties.

The Government maintains a close dialogue with market actors across the financial services industry.

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