Harriett Baldwin welcomes the new trade deals but calls on the Government to focus on increasing access for financial services firms and financial services, which is our biggest export sector.
T5. I warmly welcome the new trade deals that are being announced. Not all of them include financial services, which is our biggest export sector. Working closely with the Treasury, can the Secretary of State update the House on where the strategic focus is in increasing access for financial services firms and financial services exports? (905844)
The Government remain committed to championing export opportunities for our world-class financial services businesses. Through targeted export campaigns and an expansion of existing support services, we are promoting trade opportunities across the financial services spectrum and in specific areas such as asset management, green finance, fintech and insurance. The Government are also signing ambitious free trade agreements that will open new markets and reduce market access barriers for UK financial services, and I am in regular dialogue with the City Minister, my hon. Friend the Member for Salisbury (John Glen) on these issues.