The threat of a no-deal Brexit has sent profits and sentiment in Britain's ...
LONDON - The threat of a no-deal Brexit has sent profits and sentiment in Britain’s financial services falling at their fastest pace since the global financial crash a decade ago, a CBI/PwC survey showed on Tuesday.
Banking, insurance and investment funds bring in billions of pounds in tax revenues for the British economy, but direct access from London to its most important market, the European Union, could be blocked if there is a no-deal Brexit on October 31. Britain has yet to secure a divorce settlement with Brussels, with only a month to go before it leaves the EU.
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