Closer U.S. ties would ‘reboot’ UK finance after Brexit, says report

Published by
Reuters UK

By Huw Jones LONDON (Reuters) -Britain should move further and faster in reforming its financial rules to ‘reboot’ after Brexit and rethink the “anti-competitive” tax system on banks, top bankers and think-tanks said on Thursday. Britain has already launched over 30 public consultations, including on reforming insurance rules on Thursday, to keep London a globally competitive financial centre after being largely cut off from the European Union due to Brexit. “The debate has moved on from alignment with the EU in exchange for future access. Instead, the UK should focus on closer alignment and c…

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