To ask the Chancellor of the Exchequer, what steps his Department is taking to support the financial services sector’s competitiveness.

To ask the Chancellor of the Exchequer, what steps his Department is taking to support the financial services sector’s competitiveness.

In his Mansion House statement last July, the Chancellor set out the Government’s vision for an open, competitive, green, and technologically advanced financial services sector.

A sweeping set of reforms to sharpen the UK’s competitive advantage in financial services is already underway. In November, the Government published the second consultation in its Future Regulatory Framework Review. This provides a once in a generation opportunity to ensure that, having left the EU, the UK establishes a coherent, agile, and internationally respected approach to financial services regulation that is right for the UK.