UK Financial Services See Hope In Customs Union Plan

Law360, London (April 5, 2019, 5:00 PM BST) -- The U.K. government’s move toward a permanent customs arrangement with the European Union has again left financial services out of the equation, but it has offered some hope for a transition deal that would allow banks to tackle their biggest concerns about leaving the EU.

Attorneys say a permanent customs arrangement would be unlikely to prevent banks and insurers from transferring services out of London to avoid upheaval created by Brexit. (AP) Theresa May began crisis talks this week with opposition leader Jeremy Corbyn over her troubled plans for Brexit, with the Labour Party insisting on a permanent arrangement to protect the free...

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