Sunak Says Brexit Will ‘Reinforce’ City as World Leading Financial Center
By George Parker, Philip Stafford, Chris Giles, and Jim Brunsden
January 11, 2021, Financial Times
Chancellor Rishi Sunak on Monday told MPs Brexit will help “reinforce the UK’s position as a globally pre-eminent financial center”, in spite of a looming regulatory stand-off with Brussels.
Government officials admit they do not expect the EU to make life easy for the City in the coming months, and debate is accelerating in the industry and among policymakers on how to reshape Europe’s biggest financial hub.
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