UK Finance: Hammond "right" that deal on financial services with EU would be a "win-win"

Responding to the Chancellor Philip Hammond’s speech on Brexit and financial services today, Chief Executive of UK Finance Stephen Jones said:

“Both the EU and UK now agree on the need for an ambitious trade deal that includes services. The focus must now be on achieving the best possible outcome for jobs and prosperity on both sides of the Channel. 

“The Chancellor has today set out a credible approach that would preserve many of the benefits of free trade in financial services while giving both sides autonomy. 

“A framework based on close supervisory cooperation and mutual recognition would be a win-win, benefitting the businesses and customers across the continent who rely on UK financial services.

“Firms now want to see swift agreement on the transition period, to provide much-needed certainty and allow us to focus on reaching a mutually beneficial trade deal.”