Brexit trade negotiations are under the wire this week. Even if the UK and the EU make an agreement, it will not cover Britain’s most valuable industry, and the one introduced by the EU: money.
This has put an end to the plan to grab land between the group of 27 nations and the UK for lucrative financial transactions and the jobs and barriers that come with it. The financial services sector is the largest trade surplus of any industry in the UK, with exports reaching 2019 79 billion in 2019, equivalent to 6 106 billion.
European regulators have sought to base some of the operations currently being carried out in London in the aftermath of the European Union Brexit. Goldham Sachs Group Inc. Exchange tors operators such as banks and the London Stock Exchange Group plc have started trading operations on the continent in recent weeks. The European Union last week committed to rules on the derivatives regime that would prevent London-based merchants of EU banks from continuing integrated business after Brexit was completed before the new year.
“This is part of a broader strategy to move money forward in the EU,” said Tim Kent, a London-based lawyer for the Asherst Group, an expert on financial regulation. “It’s part of that huge movement of businesses in the eurozone called the euro.”
According to accounting firm Ernst & Young, the country’s ની 2 trillion assets are already moving from the UK to continental Europe following the country’s 2001 Brexit vote, and hundreds of employees from JPMorgan Chase & Kunwar, Goldm Sachs, Morgan Stanley and other banks. Is. In Frankfurt, Paris and other European cities.
.
