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UK finance industry faces 'tipping point' over brexit - RTRS

TheCityUK group published an 83-page document on Thursday, outlining how the UK’s finance industry can thrive over the next decade, in the wake of Brexit.


Key Points via Reuters:


Britain will lose its status as Europe's top financial center unless it keeps borders open to specialist staff, improves infrastructure and expands links with emerging economies


Continental Europe might eventually become the preferred destination for banks, insurers and asset managers as they relocate business there to retain access to the EU single market.


 The government must ensure businesses can recruit people to fill skill gaps and must simplify the process of getting a visa.


It calls for government and financial services to work together closely to develop international trade policies and to improve the country's digital and physical infrastructure



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