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Brexit: What Does the Agreed Deal Mean for the UK Financial Services Sector

Brexit: What Does the Agreed Deal Mean for the UK Financial Services Sector

On 24 December 2020 after years of discussion and a final nail-biting fortnight of negotiations the UK and EU agreed a Trade and Cooperation Agreement. While the agreement secures tariff free cross border trade of goods, which will be a relief to UK manufacturers, it effectively amounted to a no-deal scenario for financial services. Our partners from BDO Ltd. have produced a briefing paper on the impact of the deal on the UK financial services sector, which can be read in full HERE