Jan 11, 2018

Brexit: May to meet UK financial services chiefs

The Prime Minister is set to meet with business leaders from the UK's financial services industry as the government attempts to secure a Brexit deal that will include the sector. He described financial services as pivotal to a "Bespoke" trade deal. Bloomberg reports that Germany is considering a plan that would give UK financial services companies access to Europe in exchange for payments to the EU budget. Paul Manduca, chairman of insurer Prudential will also take part where he will also appear in his capacity as chairman of the advisory council of TheCityUK, the lobby group for the financial services sector. Michel Barnier, the EU's chief Brexit negotiator, has said that there will not be a special deal with the UK financial services.

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