Dr Ioannis Glinavos, Senior Lecturer in Law at the University of Westminster, wrote an article for The Conversation on Brexit and Financial Services following Philip Hammond’s speech on Wednesday 7 March.

In his article, Dr Glinavos commented on Hammond’s statement in which he expressed his desire for the EU trade deal to include financial services.

Dr Glinavos also explained the financial consequences for the UK to lose its place in the single market: “Let us consider the position of a non-EU bank that was attracted to London due to its much-advertised position as the gateway to European finance at the beginning of the 2010s. London was advertised as providing companies with easy access to the markets of the European Economic Area (EEA).

“By losing its place in the single market, London can no longer guarantee access to the world’s biggest consumer market of nearly 500m people.”

Read the full article on The Conversation website.

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