LMG on what would make the UK a less attractive place to do insurance business

“We are going to fulfil the repeated promises of Parliament to the people and come out of the EU on October 31, no ifs or buts. And we will do a new deal, a better deal that will maximize the opportunities of Brexit while allowing us to develop a new and exciting partnership with the rest of Europe based on free trade and mutual support.” Those were the words of Boris Johnson on July 24 in his first speech as Prime Minister of the UK. “A new deal,” however, seems unlikely, if you ask the European Commission. As it stands, the withdrawal agreement drawn up with Johnson’s predecessor Theresa May is what Jean-Claude Juncker’s camp will go for. Yes, the proposed exit plan rejected not once but thrice by the British Parliament.

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