• UK
  • World
    • USA
  • Entertainment
    • Celeb
    • Showbiz
    • Magazine
  • Politics
  • Sports
  • Gaming
  • Tech
  • Science
    • Education
  • Insurance
  • Business
  • Auto
  • ToS/Contact
    • ToS
    • Privacy Policy
    • Contact
NewsExplored
  • UK
  • World
    • USA
  • Entertainment
    • Celeb
    • Showbiz
    • Magazine
  • Politics
  • Sports
  • Gaming
  • Tech
  • Science
    • Education
  • Insurance
  • Business
  • Auto
  • ToS/Contact
    • ToS
    • Privacy Policy
    • Contact
  • Facebook

  • Twitter

  • LinkedIn

  • Tumblr

  • RSS

UK

Brexit Britain to remain finance capital as Trump looks to give UK access to WALL STREET

Brexit Britain to remain finance capital as Trump looks to give UK access to WALL STREET
Newsexplored
22nd January 2017
8
SHARES
ShareTweet
SubscribeRedditGoogleWhatsappStumbleuponPinterestDiggLinkedinTumblrTelegram
Views:
12

Donald Trump and a UK flagGETTY

Britain may be offered a deal which will give its banks access to the lucrative American market

A sticking point in the Brexit plan has been the future of London as a global finance centre, with warnings it could lose business to Europe when Britain leaves the EU.

At present, British banks have EU passporting rights – which mean all European business can be carried out here without additional regulations.

But the EU has threatened to strip Britain of these rights when it leaves, and some experts fear this could see billions of pounds of finance lost to rival cities such as Paris or Frankfurt.

Sources close to Donald Trump say he wants to offer Britain passporting rights to the US, to promote free financial trade.

This would allow British banks to carry out US business, a global market worth hundreds of billions.

The proposal is set to be raised in discussions when Mrs May meets the new President in Washington next month.

Donald TrumpGETTY

Sources close to Donald Trump say he wants to offer Britain passporting rights to the US

“A passporting deal between the US and the UK is likely to be on the list of his top priorities for discussion,” the source said.

data-ad-format="auto">

There is considerable commonality of view

Jacob Rees-Mogg

“Promoting Anglo-American capitalism is in both their interests.”

It is thought the passporting deal could form part of a free trade deal between the two countries, which those close to Mr Trump insist could be signed within 90 days.


REMOANERS: These people hate BREXIT!
Mon, January 16, 2017

Remainers are finding it hard to accept Brexit.




Play slideshow

BRITAIN AFP/Getty Images

1 of 14

NICK CLEGG

LONDON SKYLINEGETTY

A sticking point in the Brexit plan has been the future of London as a global finance centre

Last night Jacob Rees-Mogg, a Conservative member of the House of Commons Treasury select committee, said such an arrangement would be “a relatively straight forward thing to do”.

He said: “The US and the UK regulators work extremely closely together and there is considerable commonality of view, probably closer than between the EU and UK regulators.

Original Article

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on Google+ (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Share on Skype (Opens in new window)

Related

Related Itemsbrexitbritaincapitalfinanceremaintrump
UK
22nd January 2017
Newsexplored @newsexploredweb

Related Itemsbrexitbritaincapitalfinanceremaintrump

More in UK

  • Read More
    Storm Christoph: Homes evacuated in Wales amid severe flood warning

    Views:12 image captionUp to 30 people have been forced out of their homes in Bangor-on-Dee, Wrexham Homes...

    Newsexplored 22nd January 2017
  • Read More
    Newspaper headlines: ‘New dawn for America’ as Joe Biden takes over

    Views:12 By BBC NewsStaff image captionPhotographs from Joe Biden’s inauguration as the 46th US president feature across...

    Newsexplored 22nd January 2017
  • Read More
    Scotland’s papers: Restrictions ‘for months’ and Trump’s exit

    Views:12 Daily Record The Herald The Scotsman The Scottish Sun The National The Times Daily Mail Daily...

    Newsexplored 22nd January 2017
  • Read More
    Newspaper headlines: ‘It’s the back of Trump’ and ‘vaccine pivot’

    Views:12 By BBC NewsStaff image captionAll of Wednesday’s front pages carry a mention of Joe Biden’s inauguration...

    Newsexplored 22nd January 2017
  • Read More
    Storm Christoph: Flood warnings in parts of England

    Views:12 image captionIn Hebden Bridge, West Yorkshire, residents have prepared their homes and businesses ahead of the...

    Newsexplored 22nd January 2017
  • Read More
    Newspaper headlines: Jab complacency fears and smart motorway inquest

    Views:12 By BBC NewsStaff image captionThe Daily Telegraph says government scientific advisers are concerned millions of people...

    Newsexplored 22nd January 2017
  • Read More
    Manchester Arena Inquiry: Help given to Saffie-Rose Roussos to be examined

    Views:12 image copyrightFamily handouts image captionTop row (left to right): Alison Howe, Martyn Hett, Lisa Lees, Courtney...

    Newsexplored 22nd January 2017
  • Read More
    England: Phil Neville leaves Lionesses manager role

    Views:12 Phil Neville has left his role as manager of England’s women and is set to take...

    Newsexplored 22nd January 2017
  • Read More
    Scotland’s papers: Army leads vaccine rollout and ‘patchy supplies’

    Views:12 Daily Record The Herald The Scotsman The Scottish Sun The National The Times Daily Mail Daily...

    Newsexplored 22nd January 2017
  • Read More
    Sri Lanka v England: Tourists win first Test by seven wickets

    Views:12 Dan Lawrence scored 94 runs and Jonny Bairstow 82 in the match First Test, Galle (day...

    Newsexplored 22nd January 2017
  • Read More
    Brexit: ‘Putting UK, not GB, delayed my fish for 24 hours’

    Views:12 By Lucy HookerBusiness reporter, BBC News Published duration4 hours ago Share Share page linkCopy link About...

    Newsexplored 22nd January 2017
  • Read More
    The Papers: ‘Hope in the post’ as ‘5 million more offered jab’

    Views:12 By BBC NewsStaff image captionCovid vaccination progress leads Monday’s front pages, as over-70s and clinically extremely...

    Newsexplored 22nd January 2017
Scroll for more
Tap
data-ad-format="auto">
NewsExplored

NewsExplored - Making sure all the latest news is explored?

Contact us for help

  • Popular

  • Latest

  • Comments

  • Trump pardons two convicted by Russia investigation
    USA23rd December 2020
  • Kieran Trippier suspended for 10 weeks over breaches of betting rules
    Sports23rd December 2020
  • The Papers: UK and EU on ‘verge’ of Brexit trade deal
    UK23rd December 2020
  • Former BBC sports reporter Kevin Gearey dies
    Entertainment23rd December 2020
  • Biden inauguration: New president to be sworn in amid Trump snub
    USA20th January 2021
  • Biden inauguration: Democrat to be sworn in as Trump leaves office
    USA20th January 2021
  • Biden inauguration rehearsal paused amid US Capitol lockdown
    USA18th January 2021
  • Migrant caravan: Guatemala blocks thousands bound for US
    USA18th January 2021
  • Les Rehrer says:

    Hello Its me :P and thanks for this post

  • optumrx login says:

    Thank For News.

  • Kent Laatsch says:

    Please let me know if you're looking for a writer…

  • Bob says:

    RT News was where I learned that Erdogan controlled isis.…

Copyright © 2018 Top News Theme. Theme by MVP Themes, powered by Wordpress.

SNP urged to come clean over plan to raise age for bus pass amid £10m blackhole
Kensington Palace: Princess Diana’s former home open as wedding venue
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok