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Jonathan Reynolds comments on the Treasury Committee inquiry into UK financial services post-Brexit

Jonathan Reynolds MP, Shadow Economic Secretary to the Treasury, commenting on the Treasury Committee inquiry into UK financial services post-Brexit, said “The UK financial services sector has been left high and dry by the Tories in their Brexit negotiations. Under Theresa May’s botched deal, it would be no better off than any third country which is offered equivalence. As a result, many financial institutions have enacted contingency plans of moving staff and assets to the continent already.

“This inquiry will therefore be of vital importance in the debate over how we can protect the future of finance in this country, along with the jobs and tax revenue it provides.”