London's McGuiness: Britain must negotiate staggered departure from EU in next few months

Catherine McGuinness, the policy chief of London's financial district, told Reuters that "Britain must negotiate a staggered departure from the European Union in the next few months or risk seeing thousands of finance jobs move overseas."

Key quotes (via Reuters):

  • Britain and the EU must agree the outlines of any transition before the end of the year or it will be too late
  • Some firms in the sector have started relocating parts of their businesses overseas amid frustration at the lack of clarity about what any Brexit deal may look like
  • Firms may move up to 15,000 finance jobs without any deal, decisions are already being made
  • We need to remember that we are the ones walking out the room

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