European Commission President Juncker today announced that Lord Jonathan Hill will be assigned the portfolio of financial services once he takes up his post as Britain's EU Commissioner.
Commenting, Liberal Democrat MEP, Catherine Bearder, said:
"Today's appointment demonstrates that Britain continues to wield significant influence in Europe.
"Despite the bumpy start to our relationship, President Juncker has shown he is prepared to work closely with the UK and take on board British concerns.
"The UK is the world's biggest exporter of financial services, much of which go to the EU, and so this is clearly an area that is central to our national interest.
"I now look forward to working with Lord Hill to lead reform of the EU in services and to give a huge boost to jobs and growth in Britain and across Europe."