Brexit: While the Tories are in charge, this guy’s on a hiding to nothing
A top official at the Bank of England has warned the government it has less than 12 weeks to agree a transition deal with the EU to prevent City firms starting to move jobs and business out of the UK.
Sam Woods, a deputy governor at the Bank, said City firms would activate their Brexit contingency plans if there was no deal on a transition period by Christmas which would mitigate the impact of a hard Brexit in March 2019. Woods also repeated his warning of the strain being put on the Bank’s ability to police the financial sector as a result of the changes firms needed to make.
In an annual speech to an audience of financiers at London’s Mansion House, Woods said City firms would become more complicated as a result of the restructuring they would need to undertake.
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Another pro eu comment from the B of E, and just what is this so called Hard brexit, oh yes it is what we voted for not the so called nice fluffy soft brexit where we are still in the eu in all but name.
Tories aren’t worried about the catastrophic effects on the country as a whole, it’s all about their internal squabbles and leadership struggles. At least May has now, in a dramatic and hilarious gesture, been given her P45 – …so what happens next?