Financial TimesFinancial Times

A post-Brexit bonanza eludes both the City and the EU

By Helen Thomas

20 Jul 2022 · 4 min read

Editor's Note

If Brexit does manage to give the UK a competitive edge in financial services, these won't be quick wins. Worst case is change for the sake of change.

There are no easy ways for either side to extract quick wins from the current landscapeIt was billed as a package to revitalise the capital markets, opening up access for start-ups and high-growth companies in particular.

The plan included digitisation, reduced bureaucracy and a more international outlook. It envisaged enabling new forms of capital raising through special purpose acquisition companies, and permitting the use of the dual-class share structures beloved of entrepreneurial founders.

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