Leading banks preparing to leave UK before EU exit - News Summed Up

Leading banks preparing to leave UK before EU exit


Britain’s Prime Minister Theresa May leaves after a news conference at the end of the EU summit in Brussels, Belgium October 21, 2016. (Source: REUTERS/Eric Vidal) Britain’s Prime Minister Theresa May leaves after a news conference at the end of the EU summit in Brussels, Belgium October 21, 2016. Chief executive Anthony Browne said in an article published Sunday that banks fear EU politicians will erect trade barriers with Britain in a bid to undermine the City of London, currently Europe’s pre-eminent financial district. British ministers have stressed the need for the country to control immigration — a conflict with the EU’s principle of free movement. EU leaders have said ending free movement will make it impossible for the UK to stay in the single market.


Source: Indian Express October 23, 2016 10:52 UTC



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