UK Government silence ‘incredibly worrying’, says ISLA panellist
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UK Government silence ‘incredibly worrying’, says ISLA panellist 20 June 2018Lisbon Reporter: Barney Dixon
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It is “incredibly worrying” that the UK Government has remained quiet about the financial services industry in relation to its Brexit strategy, according to a speaker at the International Securities Lending Association’s (ISLA) 27th Annual Securities Finance and Collateral Management Conference in Lisbon.
According to the speaker, services are where the UK is growing fastest, with financial services leading as the UK’s biggest export.
Amid this, the speaker explained that despite the UK doing better than initial forecasts after the referendum, economic growth in 2018 is expected to be the “worst since the global financial crisis”, at 1.5 percent.
The speaker added that a transitional deal may not be long enough and that the UK could likely apply to rejoin the EU by 2027.
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