Outlet UK the impasse will end. The UK has a plan in which the EU will happily sign, or at least the government hopes.
The three-page statement by Theresa may from the meeting and Checkers says something substantive on the issues of customs and trade which is tangible, expressive and relatively easy to understand.
He says much less, however, on trade in services, which form the greater part of the British economy.
The goal is to “ensure the flexibility of regulation”, although the government also admits that “the UK and the EU will not have the current levels of market access to each other”.
Financial services will get two lines: the UK wants the “agreement on financial services that preserve the mutual benefits of the integration of markets and the protection of financial stability, noting that they could not penetrate regimes of the EU certification.”
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Analysts suspect that this is bad news, although they expect a full white paper this week. Therefore, will involves significant costs for the UK economy: providing accounts for 80pc of the UK economy and 44pc of UK exports is the highest among major economies – and “that the vast majority of their comparative advantages (the UK runs a large trade surplus with the EU and in the service sector),” said Daniel Vernazza, chief economist at UniCredit. “Unfortunately, he also ignores the fact that, today, services, trade and goods production are inextricably linked in the production chain are becoming more complex.”
Still uncertainty over the UK’s exit from the EU – and the pessimism of the city – had destroyed the UK’s lead in financial services. New investments in the country’s financial sector ahead of those who are going in any other European country.
However, the degree of domination of the UK has shrunk as banks, insurers and other financial firms began operations elsewhere in the EU to prepare for a British exit from the EU.
Last year came the 78 projects with foreign direct investment into the UK from abroad, according to a study by ey in the financial services industry. This represents a decline from the record level 106 projects in 2016 – a drop of 26pc. Investment in Europe as a whole rose 13pc, with the number of projects in Germany, the growth of PCs to 64 of 64 projects, and the number of France more than doubled for the year to 49.
“Many people in the UK with the headquarters of the company engaged in financial services must provide after-the British exit from the EU, access to EU markets to protect the future of the business, and now moves a relatively small number of people and operations in alternative locations in the EU response,” said Omar Ali, ey.
“The delivery of the operational restructuring is hard, and we will see this trend play until March 2019. The question is whether this is temporary shift or the beginning of a more sustained trend?”
To lead the country stronger in the capital markets, merging the worlds of Finance and real economy. The UK was the most popular destination in Europe this year for companies seeking to raise funds from the markets.
Total European initial public offerings (IPO) raised €9.3 billion in the second quarter of the year, according to PwC, the sharp fall 43pc on the year. It was caused by the fall 7pcs in several locations, and those that happened were smaller on average than in the same period of 2017.
Weeks, broke the British exit from the EU
In contrast to the fate of the London stock exchange improved. He was the leading IPO venue in the quarter with 25 floats raising £2.5 billion from 24 deals for a total amount of 2 billion pounds a year earlier.
What’s included two of the five largest European IPO in three months. Czech Avast raised £692м making it in London, the world’s largest technology float.
“Other ” UK ” technology vis provides vis game companies, Codemasters and 17, and company development software, I-Nexus and Maestrano, which together with Avast, in which over £1 billion for the industry this quarter, which confirms the UK’s position as a leading centre for technology companies,” says Lucy Tarleton, PwC’s capital markets Director.
Africa-based vivo energy also came to London to raise £603m.
This is happening against the backdrop of modestly improving economic growth. Manufacturers reported increased sales in the domestic market in the UK from the latest quarterly survey of the chamber of Commerce – the net balance of 22pc reported increased sales and orders, the best figure since the beginning of 2015.
Export orders at factories fell, but the services of companies reported increasing domestic and export sales.
However, both industries have become slightly more cautious about growth prospects over the next 12 months. Concerns include poor cash flow, lack of qualified personnel and, in particular, in the sales and weak consumer confidence.
Adam Marshall, head of the BCC, said: “clarity about the UK’s exit from the EU” is crucial and also called for “a strong national agenda” to support the economy regardless of any political upheaval.
Businessmen say that the agreement chequers is only a starting point, if the government and the EU wants to reach an agreement that will help to improve economic prospects.
“The hard work starts now, is the problem. It took two years for the UK to adopt a position; we now have two months to reconcile it with Europe. But it is a good starting point,” says Carolyn Fairbairn, Director General of the CBI.
“Negotiations will begin in the collateral, business insight has never been more important.”