The City of London Policy Chairman says thousands of jobs could be at riskby Catherine McGuinness / February 2, 2018 / Leave a comment
“Nothing is agreed until everything is agreed.” This phrase, deployed by politicians both here and on the continent, is one we have grown accustomed to hearing as the Brexit negotiations unfold. But for the City, and the broader financial and professional services industry, it doesn’t particularly help.
We know that businesses are resilient. A good business can by and large survive most things that are thrown at it. But really businesses need certainty. They need to know what is coming down the line so they can prepare accordingly, identify risk and work on their contingency plans. Meanwhile, Brexit is drawing ever closer and poses countless unknowns. As recent reports have made clear, a deal on financial services is not yet guaranteed.