Skip to main content
Logo icon

Main navigation

  • Home
  • About Kwasi
  • About Spelthorne
  • News
  • In Parliament
  • Contact
Logo icon

City of London warns ministers on immigration in Brexit deal

  • Tweet
Friday, 30 March, 2018
Broken piggy bank

Central government’s number one priority around Brexit right now must be to provide clarity for the City of London on the status of EU workers living here, and those wishing to live here in future, according to the body representing the financial centre.

Speaking at the Investment Association conference in London yesterday (28 March), Catherine McGuiness, chair of the policy and resources committee at the City of London Corporation, said she is optimistic the UK will remain the leader in financial services in Europe after Brexit, with the people from around the world wishing to live here.

But she said uncertainty around the future status of EU workers living in the UK remains a problem as it was not dealt with in the transition agreement signed early this month.

She said it is “vital” the financial services industry gets clarity on this issue. 

.......

The City of London is being too “pessimistic” about the outlook for the UK financial services sector, according to Kwasi Kwarteng, a conservative MP who is parliamentary private secretary (PPS) to Philip Hammond, the chancellor.

Speaking at the Investment Association conference, Mr Kwarteng said: "We have the transition deal.

"I remember when the debate was about whether the UK should join the single currency. We were told the UK would lose its place as the leader in financial services. And yet it didn’t happen.”

.....

To read the full article click here

  • Westminster News

You may also be interested in

EU Flag & Union Jack

Brexit

As we approach the first anniversary of the historic 23 June referendum, there has been a great deal of debate, legal wranglings and political interventions over the UK’s decision to leave the European Union.

News

  • Campaigns

Show only

  • Articles
  • Local News
  • Westminster News

Reference: FT 29/03/2018

City of London warns ministers on immigration in BREXIT deal

Kwasi Kwarteng MP Member of Parliament for Spelthorne

Footer

  • About RSS
  • Accessibility
  • Cookies
  • Privacy
  • About Kwasi
  • About Spelthorne
  • In Parliament
  • Newsletters
  • Useful links
ConservativesPromoted by Andrew Barrand on behalf of Kwasi Kwarteng MP, both at 13 Station Approach, Ashford, TW15 2QN
Copyright 2022 Kwasi Kwarteng MP Member of Parliament for Spelthorne. All rights reserved.
Powered by Bluetree