UK Government silence 鈥榠ncredibly worrying鈥�, says ISLA panellist
20 June 2018 Lisbon
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It is 鈥渋ncredibly worrying鈥� that the UK Government has remained quiet about the financial services industry in relation to its Brexit strategy, according to a speaker at the International 网爆吃瓜 Lending Association鈥檚 (ISLA) 27th Annual 网爆吃瓜 Finance and Collateral Management Conference in Lisbon.
According to the speaker, services are where the UK is growing fastest, with financial services leading as the UK鈥檚 biggest export.
Amid this, the speaker explained that despite the UK doing better than initial forecasts after the referendum, economic growth in 2018 is expected to be the 鈥渨orst since the global financial crisis鈥�, at 1.5 percent.
The speaker added that a transitional deal may not be long enough and that the UK could likely apply to rejoin the EU by 2027.
According to the speaker, services are where the UK is growing fastest, with financial services leading as the UK鈥檚 biggest export.
Amid this, the speaker explained that despite the UK doing better than initial forecasts after the referendum, economic growth in 2018 is expected to be the 鈥渨orst since the global financial crisis鈥�, at 1.5 percent.
The speaker added that a transitional deal may not be long enough and that the UK could likely apply to rejoin the EU by 2027.
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