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

Last Updated: November 14, 2016By
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

Join the Vox Political Facebook page.

If you have appreciated this article, don’t forget to share it using the buttons at the bottom of this page. Politics is about everybody – so let’s try to get everybody involved!

Vox Political needs your help!
If you want to support this site
(
but don’t want to give your money to advertisers)
you can make a one-off donation here:

Donate Button with Credit Cards

Buy Vox Political books so we can continue
fighting for the facts.


The Livingstone Presumption is now available
in either print or eBook format here:

HWG PrintHWG eBook

Health Warning: Government! is now available
in either print or eBook format here:

HWG PrintHWG eBook

The first collection, Strong Words and Hard Times,
is still available in either print or eBook format here:

SWAHTprint SWAHTeBook

latest video

news via inbox

Enter your email address to follow this blog and receive notifications of new posts by email.

2 Comments

  1. jeffrey davies November 14, 2016 at 1:53 pm - Reply

    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 November 14, 2016 at 3:58 pm - Reply

    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.

Leave A Comment