Finance industry’s spurs contingency plans after Brexit

Finance industry’s spurs contingency plans after Brexit

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LONDON (Reuters) – Britain’s financial services will accelerate plans to move some business overseas after Prime Minister Theresa May said on Tuesday the country will quit the European Union’s single market.

Businesses have been calling for clarity on what Britain’s relationship with Europe will be before deciding how to reshape their operations, but most major firms are now set to relocate some business to ensure they can still trade with Europe.

London’s future as Europe’s financial center is one of the biggest issues in Brexit talks because it is Britain’s largest export sector and biggest…