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100 days to Brexit, EU tells London: financiers on their own without a deal

European Commission President Jean-Claude Juncker said a disorderly Brexit would be an "absolute catastrophe"

Reuters  |  London 

With just 100 days until Brexit, the EU's executive cautioned that most banking, insurance and other financial firms in Britain would be cut off from the European Union if there is no divorce deal. Prime Minister Theresa May's failure to find a deal the British parliament will approve means the world's fifth largest economy now faces three main choices: agreeing a last-minute deal, halting Brexit or leaving the EU without a deal. No deal means there would be no transition so the exit, set in law as 2300 GMT on March 29, would be abrupt. Bank of England Governor Mark ...

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First Published: Wed, December 19 2018. 20:29 IST