London Stock Exchange

Treasury written question – answered on 10th September 2018.

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Photo of Bill Wiggin Bill Wiggin Chair, Committee of Selection, Chair, Committee of Selection, Chair, Committee of Selection

To ask the Chancellor of the Exchequer, whether he has made an assessment of the potential contribution of the London Stock Exchange to the UK economy after the UK leaves the EU; and if he will make statement.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

The London Stock Exchange is a key institution in the UK’s financial services sector and makes a valuable contribution to the UK economy. The financial services sector provides necessary services for the healthy functioning of the UK economy, and the Government takes very seriously our responsibility to protect the future of the UK’s global financial services sector, including the London Stock Exchange. We are working closely with financial services firms in the UK to ensure a smooth transition to our future relationship with the EU. We are confident in securing a deal with the EU on financial services that allows cross-border trade to continue because this is the mutually beneficial outcome of our withdrawal from the EU.

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