Financial firms will pull the trigger on “irreversible” Brexit job relocations in the new year unless the Conservatives agree a transition deal imminently, a City lobby group has warned.
TheCityUK said the value of a transitional deal is “disappearing by the day”, as political and legal uncertainty dogs the Square Mile and big banks shift staff from London to the EU.
The group’s chief executive, Miles Celic, said: “EU and UK negotiators cannot delay discussing a transitional deal any longer if they want it to hold any real value.
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