What Could A "No Deal" Brexit Now Mean For The UK's Fintech Industry? - News Summed Up

What Could A "No Deal" Brexit Now Mean For The UK's Fintech Industry?


Despite winning a vote of confidence in her leadership of the Conservative Party, achieving 63% of the vote from her own MPs – the threat of a “no deal” Brexit remains significant thanks to the issue of the Irish backstop. The DUP opposes the additional Northern Ireland-only customs checks that the backstop could see implemented and has threatened to oppose May’s Brexit Deal when it is voted on in Parliament. London has long been considered the European – even global – capital for fintech with firms attracting over $5.08 billion of investment since June 2016. The Estonian pair is allegedly far from alone in their concerns, with one hundred fintech firms supposedly in talks to relocate to Berlin alone. The British government has promised to maintain the workplace rights that EU nationals currently enjoy in the UK should a "no deal" Brexit occur.


Source: Forbes December 19, 2018 20:48 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */