SLIDE 5 What will happen aft fter Brexit?
The UK Prime Minister has stated that she wants a bespoke model rather than an “off the shelf” solution UK negotiating position “There needs to be a bilateral deal providing as full two- way market access as possible” British Bankers Association Retaining passporting and preventing a data protection quagmire, seeking a new improved immigration system and opening up trade deals in key markets like India and
- China. “We are determined to get the best possible
- utcome for the industry” Association British Insurers
“A clean break would help the U.K. to thrive as an international financial centre” Politeia The Great Repeal Act will come into force “from the day we leave the European Union” David Davis, UK Secretary
- f State for Exiting the European Union
“We hope to have the UK as a close partner in the
- future. But leaders made it clear that access to the
single market means acceptance of all four freedoms, including the freedom of movement. We will not sell off our freedoms and there will be no single market "à la carte". Donald Tusk, following 28 June informal meeting of 27 EU leaders Britain must not be allowed to “keep the nice things” that come with EU membership without taking responsibility for the fallout from Brexit. Sigmar Gabriel, German Economy minister “Euro zone banks and insurers need to prepare in case Britain opts for so-called hard Brexit where it loses access to EU financial markets” Francois Villeroy de Galhau, ECB policymaker
4
