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‘A looming crisis’: Brexit poses ‘significant risk’ to personal finances of 36 million people in Europe





Canary Wharf and the city are seen at sunset in London, December 14, 2016.

  • A “looming crisis” over the failure of financial contracts after Brexit threatens Europe’s financial stability and poses a “significant risk to the personal finances of millions of people,” a finance lobby group has warned.
  • TheCityUK said Britain’s loss of financial “passporting” after Brexit needs urgent attention.
  • The warning comes as businesses fret over the UK’s lack of preparation for Brexit.

LONDON — Britain faces a “looming crisis” after Brexit over the potential failure of major financial contracts which operate across the EU, posing a “significant risk to financial stability and the personal finances of millions of people.”

That is according to TheCityUK, which represents read more >>>

Source:: BusinessInsider.Com

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