‘City MUST come first’ Theresa May urged to prioritise London in Brexit ...

Theresa MayGETTYTheresa May has been urged to put London at the top of her Brexit agenda

Senior city sources say there are increased concerns that a weakened Prime Minister will shy away from putting London’s financial services - deemed the backbone of the economy - at the top of her agenda as the UK heads to the negotiation table with Brussels.

Instead, there are fears the Government will prioritise sectors such as fisheries or car-making.

While the public regard these industries as more important than banking and finance, they essentially employ fewer people and generate much less in tax.

Related articles
's EU minister confirms talks underway for Brexit reverse
France plans to shamelessly exploit Brexit for own gain

Senior figures within the City have urged the Prime Minister to urgently rethink her strategy, claiming that Britain is fast running out of time.

These sources claim the longer it takes for the Government to strike a deal ensuring the City gets continued access to clients and markets in the European Union, the more likely it is that banks, insurers and asset management firms will have to move significant numbers of jobs to the continent.

Most of these roles with the financial industry are highly paid, and their departure will inevitably result in reduced tax for the Treasury to spend.

Tue, April 4, 2017 According to a new index, the EU27 countries fall into three groups: hard-core, hard and soft. These are the countries with the highest scores which

read more.....

Get the latest news delivered to your inbox

Follow us on social media networks

PREV Save HUNDREDS this winter by making your boiler more efficient with these ...
NEXT Uluru very likely to close to climbers: It's not a Disney ride, says chairman mogaznewsen