Brexit extension would be a ‘sticking plaster’: City of London

FILE PHOTO: Catherine McGuinness, Chairman of the Policy and Resources Committee of the City of London Corporation, poses for a photograph in London
FILE PHOTO: Catherine McGuinness, Chairman of the Policy and Resources Committee of the City of London Corporation, poses for a photograph in London, Britain, January 17, 2018. Picture taken January 17, 2018. REUTERS/Hannah McKay

March 21, 2019

LONDON (Reuters) – Extending Britain’s departure date from the European Union would only be a “sticking plaster” if deep-seated issues are left unresolved, City of London financial district chief Catherine McGuinness said on Thursday.

It appeared that financial services have been “thrown under a bus” in terms of Britain’s efforts to secure a divorce settlement with the bloc, she told a City & Financial conference.

UK financial services minister John Glen told the conference that the sector had every right to feel frustrated with Britain’s failure so far to secure a divorce settlement with just a week to go before Brexit Day.

(Reporting by Huw Jones; Editing by Toby Chopra)

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