Brexit could spark London finance exodus - Lane
But Central Bank chief warns economic impact could worsen once talks start
Central Bank Governor Philip Lane has signalled that the bank is still worried about the long-term effects of Brexit despite recent signs of resilience in the British economy.
Speaking at an event in London, he said that while reaction to the Brexit vote had so far been orderly, there may be a “more substantial reassessment” of economic prospects once negotiations between Britain and the EU begin next year.
Lane said that if the negotiations point toa more severe form of Brexit, it may damage investor and consumer confidence.
