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UK Finance: Responds to Parliament’s approval

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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

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