“Brexit white paper: ‘UK and EU won’t have current levels of access to each other’s markets'”

Jul 13, 2018 | Brexit

Expect the exodus to new EU bases of fund managers and other financial services providers to speed up now that the White Paper has given ‘much needed clarity’ to their likely position post-Brexit. Bottom line, if they’re based in the UK, they won’t be able to market to other countries as easily; and that’s if the proposals are accepted. It could be worse still. If we want the City to be anything more than a backwater, we need to backtrack; or turn the whole thing upside down and become the Cayman Islands. I’d say.

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