%22 d=%22M44,140.1h42.8V272H54.9c0-0.1,0-103.8,0-103.8H44V140.1z M44,1c28.4,0,42.6,16.2,42.6,42.2v66.1H54.9V43.8 c0-7.2-3.1-11.7-10.6-11.7c-7,0-10.6,4.2-10.6,11.7c0,0,0,228.1,0,228.2H0.2c0-0.5,0-228.8,0-228.8C0.1,16.8,14.8,1,44,1L44,1z%22/><style>path { fill: %23262626 } @media (prefers-color-scheme: dark) { path { fill: %23EEEFE9 } }</style></svg>)
City ‘must be more competitive’ after Brexit
The Policy Exchange think tank warned that financial services would struggle to maintain competitiveness in the face of an aggressive EUBritain’s financial services industry needs to become more competitive as it has a critical role in levelling up the economy, according to a report. The Policy Exchange think tank said that the City of London and the broader financial services industry had fallen victim to a policy of “benign neglect” since the EU referendum in 2016. SponsoredThe Brexit deal made no provision for financial services, a sector that accounts for 7 per cent of the UK economy, or £132 billion of GDP. A memorandum of understanding between the UK and EU in March established a framework for regulatory co-operation. The Policy Exchange, set up
Source: The Times May 20, 2021 22:52 UTC
