The UK head of U.S. bank Citi said on Monday last week that jobs in London's financial sector would move to countries inside the European Union after Britain leaves the bloc, regardless of what deal is struck on access to the EU financial services market (HERE).
This on the basis that no economic bloc is going to allow its financial services to be supplied and dominated by a third country. No matter what the deal, the EU will want to see most financial services moved inside the bloc where they can be regulated by the bloc. It makes perfect sense to me.
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