A group of Eurosceptic City figures and politicians have created a new UK financial services lobby group in a bid to trumpet the sector’s success post-Brexit.
The body, launched yesterday [15 Feb 2021] is called the CityUnited project and it aims to “combat and negate the EU’s actions” by “promoting bold new initiatives to exploit the UK’s expertise in financial services”.
The City lobby group will be chaired by ex-chief executive of the London International Financial Futures and Options Exchange professor Daniel Hodson, with former chancellor Lord Norman Lamont and former MEP Lord Daniel Hannan on its board.
Grim reality is the mother of desperate measure, I see.
They should be embarrassed to announce the formation of this group so late in the day. It broadcasts to the world that Britain doesn't do planning.
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27 Jan 2021 - City of London chief: Brexit impact 'not at all catastrophic' as Square Mile will thrive without EU access.
[the] political leader of the Square Mile’s ruling body, insisted the City will thrive even if the European Union “irrationally” blocks access.
“It’s disappointing to lose business but it’s not at all catastrophic,” McGuinness said according to Reuters. “We are very confident in London’s basic strengths and that we will make up business elsewhere.”
In what parallel universe does 'not at all catastrophic' equal 'bullish' ?