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ARTICLE · 01 NOVEMBER 2017

Bridging The Brexit Gap

The move came after persistent pressure by industry bodies for reassurance amidst uncertainty about what a post-Brexit trade deal for financial services might look like.

United KingdomFinance and Banking

Last month, speaking at the UK Finance Annual Dinner at Mansion House, UK Chancellor Philip Hammond moved to calm Brexit-related fears amongst UK finance heads by outlining plans to create a " bespoke deal" for the UK financial services sector.

The move came after persistent pressure by industry bodies for reassurance amidst uncertainty about what a post-Brexit trade deal for financial services might look like. Back then, noise coming from the City of London Corporation in particular suggested that firms in the City were beginning to look seriously at contingency plans should a favourable trade deal not materialise, in terms of how they might structure and where they might locate their business.

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