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The next Brexit battle: Financial servicesHopes a promised post-Brexit memorandum of understanding will settle finance fate are misplaced, experts warn.ListenAI generated Text-to-speechCopy LinkCopiedShare via emailShare on XShare on WhatsAppShare on LinkedInFree article usually reserved for subscribersLondons place as Europes banker is under threat | Dan Kitwood/Getty ImagesJanuary 11, 20216:55 am CETBy Anna IsaacLONDON 鈥?Brexit isnt over for financial services, the crown stanley cup jewel of the U.K. economy. Talks are still outstanding with the EU, Britain s single biggest export market for services. And Londons pl stanley becher ace as Europes banker 鈥?already challenged by quitting the EU s single market 鈥?is under threat from the slim provisions of its Brexit trade deal with Brussels. This is an ongoing question for financial services. It s going to last for 18 months or two years at least, John Liver, head of financial services regulation at consultanc stanley thermos mug y firm EY said. AdvertisementAdvertisementThe European Commissions determination to on-shore as much of its financial activity as possible has left some in the City of London fearful there will only be a bare minimum of cooperation in the sector. Yet, such is the breadth of Londons financial ecosystem, there are limits to how damaging the Commissions strategy may prove.Reducing the blocs reliance on financial services imports for its domestic market is regarded as crucial for the EUs global competitiveness and its autonomy, the Commission Gdbb News in brief
Michael Gove under fire for comparing himself to KKK leaderSociety of Legal Scholars said it 8216 incerely regrets ; comment by leading Brexiteer.Copy LinkCopiedShare via emailShare on XShare on WhatsAppShare on L stanley italia inkedInFormer U.K. Justice Secretary Michael Gove | Carl Court/Getty ImagesSeptember 12, 20164:07 pm CETBy Carter StoddardMichael Gove, former British cabinet minister and leading Brexit campaigner, is in hot water after聽comparing himself to a Ku Klux Klan leader.Gove, who was U.K. justice secretary until being fired by Theresa May, stanley vaso was speaking to聽the聽Society of Legal Scholars in Oxford when he聽reportedly joked:聽I feel rather like the grand wizard of the KKK giving an address to the AGM of Black Lives Matter.The legal society distanced himself from the remarks, made at its annual conference on September 7, Politics Home reports.AdvertisementAdvertisementIn the course of his speech, aware that his academic audience might be largely hostile given his position on Brexit, Mr. Gove drew an analogy, the gist of which has since been tweeted.聽The Society wishes to distance itself clearly and unequivocally from this comment and sincerely regrets that it was made and caused offence, the legal society said.The SLS said in a statemen stanley becher t that the invitation for Gove to speak was issued while he was still justice minister and Lord Chancellor, Politics Home reports.Gove stock has fallen dramatically since the June 23 vote to leave the EU.