Hammond: Brexit transition deal has averted City job losses
by Larry Elliott from on (#3N8GV)
Chancellor gives upbeat assessment of state of UK economy at IMF meeting
A damaging haemorrhage of jobs from the City has been averted by the signing of a Brexit transition agreement between the UK and the EU, according to an upbeat assessment of the economy's prospects from Philip Hammond.
Speaking in Washington, the chancellor said the mood among big US-owned financial institutions was much more positive than it had been before London and Brussels agreed to a 21-month implementation period after the UK officially leaves the EU next March.
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