Financial Services

Treasury written question – answered on 27th May 2021.

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Photo of Philip Davies Philip Davies Conservative, Shipley

To ask the Chancellor of the Exchequer, whether it remains the Government’s policy to ensure that the UK remains the most competitive place to do financial services in the world.

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

The Government is committed to ensuring the UK’s financial services sector continues to remain global and competitive.

In a statement to the House of Commons in November, the Chancellor set out the Government’s vision for the UK’s financial services sector. This vision is of a sector that is more open; more technologically advanced; and a world-leader in the use of green finance, serving the communities and citizens of this country.

Since November, the Financial Services Act has been passed, which delivered a broad range of measures that significantly advanced these objectives.

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