We use cookies to improve this site and enable full functionality. You can change your cookie settings at any time using your browser. Our cookie policy.

Chancellor, insurance execs to discuss Brexit plans

Chancellor, insurance execs to discuss Brexit plans

Chancellor, insurance execs to discuss Brexit plans Chancellor of the Exchequer Philip Hammond will meet with senior business leaders today to set out the government’s economic plans for the UK after it leaves the European Union.
 
The Treasury told Bloomberg in an e-mailed statement that Hammond will host several members of the European Financial Services Chairman’s advisory committee.
 
The committee, a group of executives from the insurance and banking industries, was assembled to form the finance sector’s response to Brexit.
 
Hammond will also meet with representatives from the financial services in October for further discussions, Bloomberg reported.
 
According to the report, Hammond will try to reassure business executives that the Treasury will continue to protect London’s interests as it helps set up a plan for a post-Brexit UK.
 
“We want to ensure the continued investment that creates jobs and supports wage growth throughout this period of uncertainty ahead of the UK formally leaving the EU,” Bloomberg quoted Hammond as saying.
 
“That means engaging in open and constructive dialogue with business leaders in the months ahead,” the chancellor added.
 
Hammond is meeting with industry leaders as Prime Minister Theresa May faces pressure to strike an agreement with the EU for financial companies before formal Brexit negotiations begin.
 
Firms and industry players such as Lloyd’s of London have called for the retention of access to the EU single market to maintain business growth and stability.
 
 
Related stories:
Lloyd’s of London could quit city – boss
London ‘gives up hope’ of universal access to EU