Nicky Morgan: Govt must publish Brexit financial services plan now

‘Businesses need answers urgently’

Jenna Towler
clock • 1 min read

The government's refusal to publish its vision for financial services post-Brexit has left firms in a "chronic state of uncertainty", according to chair of the Treasury Committee Nicky Morgan.

MP Morgan had previously pressed economic secretary to the Treasury John Glen to publish the government's plans for financial services after Brexit. However, in a letter to Morgan, Glen said the timing was not right for government to outline its position due to ongoing negotiations. He said the government "must carefully consider the timing of any publications that could be used to undermine the UK's negotiating position". Morgan commented that the "clock was ticking for the financial services industry". "Businesses need answers urgently on the government's vision for Brexit so ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

More than half of IFAs feel negative about a potential Labour govt

More than half of IFAs feel negative about a potential Labour govt

Advisers favour Conservatives when it comes to their clients and business

Isabel Baxter
clock 09 May 2024 • 2 min read
Elections and advice: Planning in political and legislative uncertainty

Elections and advice: Planning in political and legislative uncertainty

‘It should not be based on speculation, always plan on current legislation’

Isabel Baxter
clock 08 May 2024 • 3 min read
'Discussion-worthy stuff': Chinese assets under pressure

'Discussion-worthy stuff': Chinese assets under pressure

China has an 18% share of global GDP and only a 3% MSCI ACWI weighting

Chris Justham
clock 02 April 2024 • 2 min read