Brexit ‘crunch time’ for City of London, says group
It is “crunch time” for UK finance firms in Brexit negotiations, an influential lobby group has said.
British businesses and the economy as a whole need a transition period as the UK leaves the European Union, The City UK said.
Economist and former Brexit campaigner Gerard Lyons also said a transition period would be good for Britain.
The UK government said it was making sure business voices were heard in the negotiations.
On the eve of Prime Minister Theresa May’s much-anticipated speech on Brexit in Florence, the lobby group warned the UK is in danger of losing its place in the financial world much in the same way the Italian city did after the Renaissance.
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