UK Finance – representing the UK’s leading financial services exporters – have reported that today’s (31 July) “Pink Book” figures from the Office of National Statistics show that UK financial services exports to the European Union reached a record high of £26 billion in 2017.
Commenting, Susan Elan Jones MP, leading supporter of the People’s Vote campaign, said:
“Financial services exports to the EU are at an all-time high – decisively refuting the Brextremist argument that Britain’s trade with the EU is stagnant.
“These figures expose the massive risk that Theresa May’s proposal for a hard Brexit, with no support for our services sector, poses to Britain’s economic health.
“Britain is a world leader in service exports and our membership of the European Union – the world’s only single market in services – is at the heart of that.
“Nobody voted in 2016 to devastate our financial services industry, thereby weakening our tax base and leaving less money for public services, but that is the risk we now run. And that is why more and more people are joining the demand for a People’s Vote on the final Brexit deal.”