City of London Corporation Policy Chair reacts to draft political declaration on post-Brexit UK-EU relations
Commenting on the publication of the draft political declaration on post-Brexit UK-EU relations, City of London Corporation Policy Chair Catherine McGuinness said:
“While there is still a way to go until the finish line, today’s draft political declaration is another step forward.
“It offers a foundation for a post-Brexit arrangement for financial services.
“We support the commitment to close cooperation on regulatory and supervisory matters. It is a positive move which recognises the need for any final deal to reflect the City of London’s unique role in providing services to households and businesses across Europe.
“It is now vital to secure a transition period and greater clarity for the European nationals who account for around a fifth of the Square Mile’s workforce, and are such an important part of the City’s community.
“We are very clear that a no-deal Brexit would be in nobody’s interests. Politicians on both sides now need to see through an agreement that benefits both the UK and the EU.”
Financial Services Media Officer
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