Market insight: UK is already ‘Singapore on steroids’ so Brexit unlikely to provide any such upside
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English - December 18, 2019 11:22 - 9.92 MB - ★★★★★ - 1 ratingInvesting Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
With the Conservative party expected to enshrine into law the 31 December 2020 deadline for a trade deal with the EU, markets are again beginning to consider the prospect for a so-called no-deal Brexit. Charles Hecker, from Control Risks, says that even with this legislation there will still be room for an extension to finalise a deal with the EU.
On the subject of opportunity after Brexit, Hecker says that with London being as big as it is, it is already ‘Singapore on steroids’ and is unlikely to be able to benefit from an ever better tax or regulatory regime. The EU will still require alignment on a number of areas to agree a trade deal.
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