Brexit has raised a series of questions and uncertainties for the people of Britain, and even more so for those involved in financial services. One major concern going into the new policy was that London’s previously iconic finance industry would suffer globally. Now that the initial chaos is starting to subside, professionals are recognizing that there is hope after all.
British policymakers are pushing to work with the EU on a basis of mutual recognition of each other’s regulation. As of now, this has received criticism from the EU however attitudes are starting to shift. Rather than seeing Brexit as a barrier between the UK and the bloc, other countries are becoming more reasonable and calm in their interactions with the UK.
Even though there is a sense of optimism in Britain regarding the policy, several banks and other financial institutions are developing quarters in other areas in an effort to maintain connection throughout Europe.
Many professionals believe that regardless of the policy that is finally agreed upon, London will always maintain its image as a financial hub within Europe.
For more tips and tricks on helping you grow your business, follow Budget Mastermind on LinkedIn or @budgetmastermnd on Twitter!
Budget Mastermind provides business finance solutions to help grow businesses. If interested in our services, visit our website at www.budgetmastermind.com