TheCityUK sets out key industry priorities for Brexit negotiations

TheCityUK has today issued its key priorities for the UK-based financial and related professional services industry in the forthcoming Brexit negotiations – all issues which need to be addressed in order to achieve the best possible deal for both the UK and EU27.

The industry is engaging with the Government and policymakers to help deliver a smooth and orderly Brexit. It is critical that the UK maintains its global competitiveness following its exit from the EU and remains an attractive place to do business.

Miles Celic, Chief Executive of TheCityUK, said,

There is no question that getting Brexit right is a once in a generation challenge. If there is anywhere in the world which has the necessary knowledge and expertise to get this done, it is here in the world’s leading financial and related professional services hub.

The industry has been working closely with the Government to help identify key priorities for the negotiations. We have been clear to stress these should include interim arrangements, access to global talent and expertise, and a bespoke deal based on mutual recognition and regulatory cooperation. Ultimately, the best Brexit deal will be one that reduces uncertainty and enables businesses to continue to best serve customers and clients.

The priorities addressed in TheCityUK’s paper include:

  • Clear and upfront transitional arrangements
  • Access to domestic, EU and global talent
  • Market access
  • Issues effecting marketing and dealing
  • Product standards
  • Market infrastructure and regulatory frameworks
  • Ensuring legal continuity