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U.K. Wants Finance Included in Brexit Deal. Is That a Mistake?

  • Financial services are already globalized, less EU dependent
  • Government’s emphasis on a finance deal may be misplaced
Bloomberg business news

Hammond Says U.K. Seeks Closest Possible Access to EU

The U.K.’s fixation with getting a deal with the European Union that covers financial services may be an error, according to a new report.

Research by The UK in a Changing Europe, a London-based think tank, shows that financial services are likely to be among the least affected by a no-deal Brexit because they are already highly globalized and don’t depend greatly on markets in the European Union.