How the UK business landscape is shaping post-Brexit

December 1, 2016 | 6years | NEWS AND INTEREST

Three chief executives from the aerospace, tech and financial industries said the UK should remain as closely as possible within EU regulation and expressed significant worries that transitional arrangements won’t be announced soon enough, speaking at Bloomberg’s UK Investment Day.

All banks in London have contingency plans – it would be irresponsible otherwise – as the UK approaches Brexit, said Anthony Browne, chief executive of the British Bankers’ Association.

Meanwhile, the government is still getting its head around the complexity the whole process involves. Browne said one view that is often voiced is that if the US becomes a weaker partner to Europe because of president-elect Donald Trump, the UK might become a stronger partner to the US. However, he warned that it looks as though Trump wants to fragment financial regulation.

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