London Stock Exchange:Written question - 167164

Q
Asked by Bill Wiggin
(North Herefordshire)
Asked on: 23 July 2018
Treasury
London Stock Exchange
Commons
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.
A
Answered by: John Glen
Answered on: 10 September 2018

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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