The Guardian (HERE) are claiming that the House of Lords report (see HERE) on the financial sector has been told up to 200,000 jobs in the city are at risk from brexit. Banks and other financial institutions have told the committee producing the report that unless there is some clarity they will need to begin planning to relocate some parts of their businesses to mainland Europe or Ireland.
They are concerned that the licenses needed take 18-24 months normally and if there are a lot of organisations applying at the same time this will be delayed and they will be left unable to trade.
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