RBS chairman calls on Theresa May to draw up Brexit transitional plan

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

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


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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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2 thoughts on “RBS chairman calls on Theresa May to draw up Brexit transitional plan

  1. jeffrey davies

    oh dear oh dear rbs hmm they owe vast amounts back to tax payers yet threaten i wonder would they like all the banks held up by the peasants bail out will they leave britain hmm not before they paid back whot they owe

  2. Barry Davies

    That would be the RBS that did such a wonderful job we had to bail them out then, perhaps wee jimmy krankie is on their board as well as squeezing in the Scottish parliament.

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