Lawmakers to buttress post-Brexit Britain as a financial centre

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By Huw Jones2 Min ReadFILE PHOTO: A pedestrian walks past skyscrapers in the financial district in London, Britain February 17, 2020. REUTERS/Simon DawsonLONDON (Reuters) – Britain’s lawmakers launched an inquiry on Friday aimed at ensuring its financial services remain globally competitive after the country’s full departure from the European Union next month.“We’ll make a series of recommendations for how the government, public bodies and the sector itself can ensure that the UK remains a premier financial centre,” said Mel Stride, chair of parliament’s Treasury Select Committee.Britain left the EU last January and full access to the bloc under transition arrangements ends on Dec. 31, with 7,500 jobs and assets worth around a trillion pounds having already left the City of London for new EU financial hubs.The inquiry will build on reforms already outlined by Britain’s finance minister Rishi Sunak last week that include making UK listings rules more attractive, amending insurance capital rules, and a sales tax break worth 800 million pounds on financial exports to the EU.Lawmakers will consider what skills and immigration policy UK financial services will need as banks worry they will no longer be able to hire talent easily after Brexit …

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