Brexit secretary says government hopes to strike deal with EU that would allow City firms to move staff in and out of UKGlobal banks should be able to continue to transfer workers between the UK and EU member states after Brexit, David Davis has told an audience of City workers. “We want to ensure that our new partnership with the EU protects the mobility of workers and professionals across the continent. Several EU member states including France are keen to tempt global financial institutions to transfer jobs out of London. But Davis stressed that protecting the future of the City – Europe’s dominant financial sector – is in the EU’s interests as well as Britain’s. This isn’t just the City of London, it’s the first city of Europe, the primary financial centre for this continent,” he said.

Source: The Guardian November 14, 2017 19:07 UTC