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The Big Brexit bonfire—that’ll never happen

The Shadow Treasury Minister tells Prospect: "We now see other EU countries threatening to use financial regulation to shut UK firms out of their markets"

By Anneliese Dodds   November 2018

Some Brexiteer hedge fund managers hope leaving the EU would lead to a bonfire of red tape

Financial and related professional services are responsible for around one in 10 UK jobs; positions based in locations from Brighton to Glasgow. Our financial and professional services sector benefits from our reputation for good regulation and legal probity.

As we leave the EU, much has—rightly—been made of the Brexit uncertainty and the high-profile firms already making cuts in their British headcount. Jonathan Reynolds, Labour’s Shadow City Minister, has pushed for government to…

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