Sentences with phrase «lose passporting rights»

The UK is no longer special, it used to be, while it was a member state, but it gave up all its special arrangements the day it called for article 50, economic strength post Brexit is arguably debatable, the UK is to lose its passporting rights (banks in Britain can trade on EU stock exchanges today, not once Brexit kicks in, the financial sector exports to EU weigh ~ # 35bn) and without clear trade deals, which look ever more unlikely given the simple solutions like customs union and single market do not seem to be feasible.

Britain's future relationship with the European Union remains up in the air and finance firms fear they could lose passporting rights, which allow them to sell services across the 27 member bloc.

This has led to an acceptance in the finance community that Britain is willing to lose passporting rights.

Not exact matches

JPMorgan and UBS have both publically warned they may have to move thousands of jobs out of Britain if passporting rights are lost and Goldman Sachs is reportedly considering moving up to 2,000 staff.