City firms urge free trade agreement for financial services after Brexit
by Julia Kollewe from Economics | The Guardian on (#337HW)
London and Frankfurt will lose out to New York and Singapore if UK and EU do not agree deal, says report
London and Frankfurt will lose out to New York and Singapore unless a free trade deal on financial services after Brexit is agreed, according to leading City businesses.
The report from key banks, law firms and fund managers in the UK proposes a "bespoke" free trade agreement once Britain leaves the EU.
Related: New Brexit rules 'could lead to unskilled workforce crisis'
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