After Theresa May revealed the UK’s Brexit timeline
, the financial services market in the UK has openly expressed concern about what will follow.
Now, one of the most notable names in the insurance industry has had his say – with John Nelson, chairman of Lloyd’s of London, urging the UK government to maintain access to the European single market.
“I speak for many in the financial services industry both in the UK and within the EU when I say that in the months ahead I hope the Government is able to secure the access to the single market that has helped London become the world’s financial centre,” he said in a statement.
His words were in response to the Prime Minister’s comment that Britain was likely to invoke Article 50 by March 2017.
Just last month, Nelson told Reuters
last month that Lloyd’s of London would be ready to move some aspects of its business
should Britain lose access to the single market.
Lloyd’s boss: “We certainly wouldn’t relocate.”
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