The Uncertain Consequences of Brexit for UK-Based Financial Services
The impact of Brexit on UK-based financial services is highly complex and uncertain to predict. At the time of writing (November 2017), the British government’s stated policy is to exit the EU, the Single Market and the Customs’ Union. Such hard Brexit will mean that UK-based financial companies wil...
Αποθηκεύτηκε σε:
| Τόπος έκδοσης: | URI:https://journals.openedition.org/osb, |
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| Κύριος συγγραφέας: | |
| Μορφή: | Article ou chapitre numérique |
| Γλώσσα: | Anglais |
| Έκδοση: |
Observatoire de la société britannique
2018
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| Θέματα: | |
| Διαθέσιμο Online: | Accès Université d'Orléans et IFPM Accès Université d'Orléans et IFPM |
| Περίληψη: | The impact of Brexit on UK-based financial services is highly complex and uncertain to predict. At the time of writing (November 2017), the British government’s stated policy is to exit the EU, the Single Market and the Customs’ Union. Such hard Brexit will mean that UK-based financial companies will lose their “passporting” rights to operate in the rest of the EU. This will take some adjustment, especially for smaller players. Larger firms, however, are likely to be able to reorganise their business, albeit at some cost. Given the importance of finance to the functioning of market economies and the lobbying power of financial services firms, I conclude that the finance as a whole will navigate Brexit relatively smoothly. |
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