"There will not be alignment, we will not be a ruletaker, we will not be in the single market and we will not be in the customs union — and we will do this by the end of the year,” says Sajid Javid, UK Chancellor of the Exchequer, as he urges companies to “adjust” to the new reality.
The Exchequer has delivered a tough message to business leaders to end their campaign for Britain to stay in lock-step with Brussels rules after Brexit, telling them they have already had three years to prepare for a new trading relationship.
In an interview with the Financial Times, Mr Javid quashed any prospect of the Treasury lending its support to big manufacturing sectors — which include cars, aerospace, pharmaceuticals, and food and drink — that favour alignment with EU regulations.
Source: https://www.ft.com/content/18ddc610-3940-11ea-a6d3-9a26f8c3cba4
We have started a Brexit & Fintech page. Check it out to help answer some of your questions. And get in touch if you need more.
Posted by Peter Oakes (www.peteroakes.com)
#FintechUK #UKFintech
See also www.UKFintech.com www.FintechIreland.com
The Exchequer has delivered a tough message to business leaders to end their campaign for Britain to stay in lock-step with Brussels rules after Brexit, telling them they have already had three years to prepare for a new trading relationship.
In an interview with the Financial Times, Mr Javid quashed any prospect of the Treasury lending its support to big manufacturing sectors — which include cars, aerospace, pharmaceuticals, and food and drink — that favour alignment with EU regulations.
Source: https://www.ft.com/content/18ddc610-3940-11ea-a6d3-9a26f8c3cba4
We have started a Brexit & Fintech page. Check it out to help answer some of your questions. And get in touch if you need more.
Posted by Peter Oakes (www.peteroakes.com)
#FintechUK #UKFintech
See also www.UKFintech.com www.FintechIreland.com