Brexit could spark London finance exodus - Lane

Brexit could spark London finance exodus - Lane
Central Bank Govenor Philip Lane. Pic:

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...

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