Thursday, 21 June 2018

Chancellor to promise a series of post-Brexit financial partnerships.

Philip Hammond will say that London can
be the gateway to global financial markets.
Photograph: James Gourley/Rex/Shutterstock
The government plans to safeguard London’s position as the world’s leading financial centre after Brexit by signing a series of financial partnerships with non-EU countries.

Philip Hammond will use his keynote Mansion House to the City’s elite on Thursday to say that the government intends to strike deals outside of the single market that will make the UK a gateway to financial markets.

The chancellor will also call on the EU to negotiate a wide-ranging post-Brexit financial services deal that would provide access to EU markets for UK firms and allow EU governments and companies to borrow money cheaply in London.
The chancellor’s insistence that London can be the gateway to global financial markets will be aimed at reassuring the City that London will continue to thrive after Brexit.

By Larry Elliott.

Full story at Yahoo News.

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