Will Politics Trump Economics in Brexit Negotiations?
British financial-services companies will get no special favors in Brexit negotiations from Prime Minister Theresa May, who wants to change the relationship between the government and the City of London. Business leaders are failing to recognize that the new prime minister has a different view of the City of London from Cameron, the people said. May does not simply accept what the City says in the way that Cameron and his former chancellor, George Osborne, tended to do, according to one person. “What you’re probably seeing is a real tension going on within the British government,” Craig Oliver, Cameron’s former director of communications, told Bloomberg's Francine Lacqua on "The Pulse." “Something’s got to give.”