Professional Adviser’s sister title Investment Week pulls together the key points of what has proved a relatively quiet Spring Statement from chancellor of the Exchequer Philip Hammond.

Financial Services legislation

Chancellor Philip Hammond said it is “vital that the UK remains an open and competitive place to do business”. As such, he announced that following a consultation later this year the Government will legislate to ensure that the UK can “maintain world-leading financial services regulatory standards” following Brexit, to “remain open to international markets and realise new trading opportunities”.

Before the summer, the Government will set out its approach to consulting on how to ensure the financial services regulatory framework adapts to a new constitutional position outside the EU.

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