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Finance industry tears into Britain's Brexit trading plans

Reuters  |  LONDON 

By Huw Jones and Andrew MacAskillLONDON (Reuters) - Britain's finance industry attacked the government on Thursday for ditching its blueprint for trade with the European Union after Brexit, saying this was a blow for Britain's biggest exporter.The government's proposal for a new financial services arrangement post-Brexit will effectively make it more difficult for Britain's banks, insurers and asset managers to do business across the European Union.The plan falls short of the current "passporting" rights that enable the country's financial services industry to trade freely with the EU.The ...

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First Published: Thu, July 12 2018. 22:23 IST