The UK Chancellor of the Exchequer Philip Hammond has acknowledged the “great success story” of the country’s financial services industry and promised to heed banks’ call to retain access to the European Union’s single market following Brexit.

Hammond met with representatives from the European Financial Services Chairmen's Advisory Committee taskforce on September 7 to discuss issues affecting the financial services industry as the UK prepares to leave the EU and to listen to industry participants' views on how the government can support their sector.