Responding to the meaningful vote today in the House of Commons on the Withdrawal Agreement, Stephen Jones, Chief Executive of UK Finance, said:

?Parliament has made it very clear there is no agreement for the Government's Deal. It is now essential that politicians on all sides of the House work together to agree a way forward and provide much-needed certainty to the electorate and businesses, by ensuring our withdrawal from the EU is orderly and gradual. There must also be a sufficient transition period to enable our future relationship with the EU to be agreed and then implemented.

?Time is running out to avoid a chaotic ?no deal? Brexit that would be catastrophic for the UK economy. Firms in the finance industry have put contingency plans in place to minimise disruption for their customers in a ?no deal? scenario but critical cliff-edge risks remain, including on the transfer of personal data and the operation of cross-border contracts.?