Feb
17
U.K. Financial Services Seen Taking $14.3 Billion `Brexit’ Hit
ByThe U.K. financial services industry may see exports to the European Union shrink by about 10 billion pounds ($14.3 billion) annually if Britain leaves the trade bloc, according to a report by Capital Economics.
British firms could lose their right to sell into the region if they don’t set up a European unit, according to the report. The loss of so-called passporting rights could see exports to the EU halve from 19.4 billion pounds in 2013, it said…
U.K. Financial Services Seen Taking $14.3 Billion `Brexit’ Hit
