City of London says COVID is masking Brexit hit to finance By Reuters

City of London says COVID is masking Brexit hit to finance By Reuters
City of London says COVID is masking Brexit hit to finance © Reuters. FILE PHOTO: People walk through the City of London financial district in London, Britain, September 13, 2021. REUTERS/Hannah McKay

By Huw Jones

LONDON (Reuters) -Getting ahead in global finance after Brexit needs sustained British government impetus, the City of London’s policy chief said on Wednesday, adding that COVID-19 may be masking some of the impact of leaving the EU.

Britain’s financial sector lost most of its access to the European Union, which had been its single biggest export customer, after completing its exit from the bloc a year ago.

And while it has adapted smoothly to Brexit, the full implications were still working their way through, Catherine McGuinness, whose five-year term as policy chief for the ‘Square Mile’ financial district ends in May, told Reuters.

Some 7,400 finance jobs, far fewer than initially…

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