Photographer: Matthew Lloyd/Bloomberg

Brexit Decision a ‘Catch 22’ for U.K. Financial Firms, IFS Says

  • Says loss of single market would hit British banks hard
  • Cost of increased regulation in EEA could be ‘considerable’

Brexit will come at a cost for the U.K. financial-services industry, no matter what agreement the government secures in its negotiations with the European Union, according to the Institute for Fiscal Studies.

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