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UK government seeks to soothe City’s no-deal Brexit fears

Policticians, regulators and City executives have grown increasingly concerned that the UK will crash out of the European Union next March

British Secretary of State for Exiting the European Union Dominic Raab (L) and European Chief Negotiator for the UK Exiting the EU, Michel Barnier
British Secretary of State for Exiting the European Union Dominic Raab (L) and European Chief Negotiator for the UK Exiting the EU, Michel Barnier Photo: Getty Images

UK ministers have reiterated a commitment to ensuring European firms in the City of London can operate as normal for three years in the event of a no-deal Brexit.

The guidance — published on Thursday in one of a number of sector-specific documents — comes with politicians, regulators and major City institutions growing increasingly concerned that the UK will crash out of Europe without a trade deal in March 2019.

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