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MercoPress, en Español

Montevideo, November 22nd 2024 - 00:48 UTC

Tag: UK industry

  • Thursday, March 30th 2017 - 06:47 UTC

    Brexit: London's financial sector calls for a transitional deal for the industry

    The European Central Bank has made it clear that Britain cannot access the passporting system, which allows financial firms to trade freely across the EU

    London’s powerhouse financial sector finds itself at a critical juncture with Article 50 about to be triggered, as the Square Mile braces itself for a jobs exodus and the potential loss of European trading rights following Brexit. City bosses and politicians have called on the UK Government to secure a transitional deal for the industry to prevent companies pre-empting uncertainty by upping sticks to rival financial centres across the globe.