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Brexit hash makes Britain 'hot heads' of Europe: city chief

Reuters  |  LONDON 

By Huw JonesLONDON (Reuters) - Mismanagement of Brexit has made Britain the new "hot heads" of Europe and caused damage to its valuable financial services industry that will take at least a decade to repair, the City of London's policy chief said.Brexit poses the biggest challenge to the City since the 2007-09 global crisis as it will probably lead to banks and insurers losing full or partial access to the European Union, the world's biggest trading bloc.Catherine McGuinness said banks, insurers and asset managers in the "Square Mile" financial district were pushing ahead with setting up new ...

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First Published: Tue, December 04 2018. 15:12 IST