Speaking to the BBC, Raab refused to deny reports the government is planning to stockpile food or use a section of motorway in England as a lorry park to deal with increased border checks if Britain leaves the European Union without a deal.
Britain's Secretary of State for Exiting the European Union Dominic Raab appears on the Marr Show on BBC television in London, Britain, July 22, 2018.
"This data makes clear that some of the UK's major cities rely heavily on financial services, and that a detrimental Brexit deal for the UK's financial sector will be felt nationwide - not just in the capital", said City of London policy chairman Catherine McGuinness.
"So it reconciles, I hope, those ambitions but it also takes into account our experience of the negotiations to date, so it is a far advanced offer".
The EU has been clear since March that it wants full autonomy and control over how United Kingdom banks operate in the bloc after Brexit, rejecting proposals for joint oversight and insisting that the system U.S. banks are subjected to, known as equivalence, is all that's on offer.
"Far from being anxious about preparations that we're making".
"A number of staff will transfer from DExEU to the Cabinet Office to deliver that".
The move was swiftly characterised as a "sidelining" of the Brexit secretary by No 10's Europe unit, led by May's chief Brexit advisor Olly Robbins, with the prime minister also taking officials from his department.
Former Foreign Secretary Boris Johnson mistakenly and misleadingly tried to suggest last week that the period up to December 2020 could be used to go into extra time in the search for a withdrawal agreement. Prime Minister May has instead chosen to build trading ties on a legal mechanism known as "equivalence", whereby the European Union deems a country's rules to be as robust as its own.
The government's "White Paper" on the future relationship published this month envisages the United Kingdom staying aligned to the EU's rules on goods but not services and mirroring much of the bloc's customs framework "as if in a combined customs territory". But that is what the Chequers White Paper means.
Sarah Wollaston, chairwoman of the Commons Health Select Committee, called for more clarity about the Government's plans.
She said: 'Far from being anxious about preparations that we're making, I would say that people should take reassurance and comfort. Given that we have a competitive advantage in those areas that is not easily replicated, that is a fair argument for why people need to use this system going forward.
"Like any business, we consider a wide range of scenarios in planning discussions so that we're prepared to continue serving customers and small businesses who count on Amazon, even if those scenarios are very unlikely".