Sir Howard Davies, chairman of RBS [Image: PA].

Sir Howard Davies, chairman of RBS [Image: PA].


What do you think his chances are? None? Or next-to-none?

The chairman of Royal Bank of Scotland has warned that banks could pull operations out of Britain unless Theresa May draws up transitional arrangements for the country’s exit from the EU.

Sir Howard Davies said it would be damaging if there was no transitional plan and that banks would have to make decisions based on uncertainty.

Speaking to ITV’s Peston On Sunday programme, he said the US and Japanese banks were concerned by the prospect of a hard Brexit and were drawing up contingency plans.

Source: RBS chairman calls on Theresa May to draw up Brexit transitional plan | Business | The Guardian

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