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Edwin Hayward @uk_domain_names
, 3 tweets, 1 min read Read on Twitter
FCA analysis (requested by Government) says May's Brexit plan is better than no deal. "For the FCA, the risks presented in an implementation period are preferable to the risks of a no-deal scenario." However, it was not asked to model the Remain scenario.
fca.org.uk/publication/im…
And here's a crucial look at what the financial industry is being made to give up, because after Brexit the passporting regime will no longer apply (immediately, in the case of no deal, or after transition if the WA passes).
So if nothing else, it's fair to say that both Theresa May's version of Brexit and a no deal Brexit would inconvenience over 10,000 financial firms. Not exactly brill news.
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