UK Finance: Responds to Parliament’s approval
- Commenting on the House of Commons approving the EU Withdrawal Agreement Bill at second reading
- Economic backdrop necessary for businesses including financial services firms to operate successfully
- The hard work must now continue and hope the UK and EU will focus quickly on the sector specific
- Services account for 80 per cent of UK GDP and financial services specifically deliver a significant balance of payments surplus for the UK
- Both sides will benefit from maintaining deep and integrated financial and capital markets
- The UK should also work with the EU to build a clear institutional mechanism for regulatory dialogue
