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Nutshell of May speech on Brexit: London

Speaking in central London, the prime minister adopted a conciliatory tone, urging the country to “come back together” and reassuring those on all sides of the Brexit divide that their concerns had been listened to.

“I’m not going to let our departure from the EU to setback the historic progress we’ve made in Northern Ireland.” However, the prime minister failed to offer any real new solutions to avoiding physical infrastructure on the historic border if Britain goes ahead with its plan to leave the single market and customs union.

Many companies have been setting up regulated subsidiaries in new cities such as Dublin, Paris, Frankfurt, and Amsterdam to hedge against the risk of disruption to their business.

5 Things you need to know 

1) The UK still doesn’t have a Brexit solution for Northern Ireland-

2) No deal is no longer better than a bad deal as it would hit national growth by 8%

3) The threat of losing passporting rights is the biggest concerns for the finance industry in London.

4) Britain will stay in European agencies

5) May admitted leaving the single market will damage the economy

Theresa May

 

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