TheCityUK responds to EU A50 extension

Following the announcement by the European Council, Miles Celic, Chief Executive Officer, TheCityUK, said,

The UK should embrace the extension offered, but recognise that this cannot be just another hollow postponement. It must be used to deliver a deal which allows negotiations on the future relationship to move forward. Prolonged uncertainty will mean more jobs, assets and investment leaving the UK, with the real winners being financial centres outside the EU and the biggest losers being customers and citizens on both sides of the Channel.”