Financial Services: Greater London

HM Treasury written question – answered on 29th March 2017.

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Photo of Lord Myners Lord Myners Crossbench

To ask Her Majesty’s Government what assessment they have made of the extent of future movement of financial service companies from London to Edinburgh, in the event that Scotland leaves the UK but retains passporting rights into the EU.

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

The PM has been clear that now is not the time for another referendum on Scottish independence, following the decisive vote in 2014. The Government is focused on negotiating a good deal for the UK as a whole, a deal which will give firms in London and Edinburgh the maximum freedom to trade with and operate within European markets.

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