Banks Tell Britain To Prepare For Brexocalypse

...unless Theresa May changes her mind re: special favors for special banks.
Author:
Publish date:
Like this but worse. By Anonymous [Public domain or Public domain], via Wikimedia Commons

Like this but worse. via Wikimedia Commons

Think about it, T-May!

Britain crashing out of the European single market could cost banks and associated businesses in the U.K. almost 40 billion pounds ($51 billion) in lost revenue, undermining a key sector of the economy, an industry report will warn on Wednesday...The report, prepared by Oliver Wyman on behalf of TheCityUK lobby group, warns that almost 70,000 jobs and 10 billion pounds of tax revenue are at risk from a so-called hard Brexit...Prime Minister Theresa May has ruled out prioritizing protection of the banks in Brexit talks and has dismissed their key business demand for an interim deal to help ease the transition out of the bloc

Global Banks Fight Back on Brexit, Warning $51 Billion at Stake [Bloomberg]

Related