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How important is “passporting” to the City of London?

And how can we ensure our financial services continue to thrive post-Brexit?

By Vincenzo Scarpetta  

The Lloyds building in the City of London ©Matt Crossick/Matt Crossick/Empics Entertainment

Financial services account for nearly 12 per cent of the UK’s GDP and are one of few bright spots in the country’s current account balance with the rest of the EU, given that the sector produces a large and sustained trade surplus year after year (around £20 billion in 2015). It should therefore come as no surprise that the discussion over the future of UK financial services after Brexit…

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