“Vague” and “cleverly worded” — that is how two of the country’s top Brexit lawyers described the government’s white paper.

As the world pored over the 98 page document to make sense of the UK government’s stance and its potential impact on the UK economy, Financial News asked Barney Reynolds, leader of the governance and advisory practice at Shearman & Sterling, and Jonathan Herbst, global head of financial services at Norton Rose Fulbright, for their views on key parts of the text.