- Brexit
Will City banks be ready for 1 January Brexit cliff edge?
City left disappointed after negotiators gave priority to ironing out issues around border blockages, the fishing and car industries
It is likely that there will be fewer jobs in the City in the coming years
Tolga Akmen/Getty ImagesThe UK’s financial services sector saw little detail in the published Brexit trade deal that gave any indication of how the markets would operate after 1 January.
The country's financial services sector generated £6.6bn in revenue and employed 76,500 people as of the first half of 2020 according to industry body, TheCityUK, but negotiators gave priority to ironing out issues around border blockages, the fishing and car industries, with some reports suggesting negative optics if bankers were to be considered ahead of these...