The Government’s proposals for the new financial services arrangements between the UK and the EU post-Brexit, detailed in yesterday’s White Paper, have been roundly criticised by key figures within the industry. Policy chairman of the City of London Corporation Catherine McGuinness has labelled the proposals “a real blow for the UK’s financial and related professional services sector” and warned of the impact on job creation and growth in the wider economy that would result if it forms the basis of the final deal.

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Financial services canary wharf