Top City Lobby Group U-Turns and Embraces Brexit

Number one square mile lobby group TheCityUK has performed a complete u-turn, abandoning its Remain position and instead embracing Brexit. TheCityUK – which represents major banks and professional services firms – said leaving the EU is a “once-in-a-generation opportunity” and declared:

“TheCityUK is a strong believer in the potential opportunities that the UK’s departure from the European Union will offer.”

Before Brexit they said:

“A Brexit risks damaging our industry in the UK through uncertainty, reduced market access and a loss of influence over trading conditions. Major global businesses also come to London to access the Single Market – but that position is dependent on the legal freedoms made available by the Treaties and Single Market legislation. The overall competitiveness of the UK as a place to do business would therefore be threatened by Brexit.”

Screech…




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Quote of the Day

Dominic Raab wrote in his letter of resignation…

“This is, at its heart, a matter of public trust,” he told the PM, concluding: “I cannot reconcile the terms of the proposed deal with the promises we made to the country in our manifesto at the last election… I believe that the regulatory regime proposed for Northern Ireland presents a very real threat to the integrity of the United Kingdom. I cannot support an indefinite backstop arrangement, where the EU holds a veto over our ability to exit…”

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