Britain's vast financial services industry will lose more jobs to Europe ov...
LONDON - Britain’s vast financial services industry will lose more jobs to Europe over the coming years because of Brexit, the City of London’s policy chief told Reuters, warning people not to be duped by the low number of job moves to the continent so far.
Catherine McGuinness, the political leader of the financial district’s municipal body, warned that the country’s biggest export sector and biggest source of corporate tax has no “God given right” to global pre-eminence in finance. McGuinness said business leaders have been frustrated by more three years of uncertainty and worries about some of the political momentum behind leaving with no deal.
“A disorderly Brexit would be a bad thing, and I don’t think anyone views an extension with enthusiasm. We don’t want to see cans kicked down the road,” McGuinness said.
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