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UK ministers say listening closely to City of London's Brexit concerns

The City of London
Dan Kitwood | Getty Images
The City of London

Britain's government is listening closely to the financial services sector's Brexit concerns, finance minister Philip Hammond and the minister in charge of the process for the country's exit from the European Union, David Davis, said.

"We want the best deal for trade in UK goods and services, including our world-leading financial services industry," Hammond and Davis said in a joint statement after meeting finance executives on Monday.

"That is why these meetings, where we listen closely to the sector's views on the potential impact and opportunities offered by us leaving the EU, are so important."

Among the attendees at Monday's meeting were top executives from Lloyd's of London, Barclays, Santander, Goldman Sachs, Blackrock, M&G Securities and the London Stock Exchange Group.

Banking representatives are urging Britain to negotiate a staggered departure from the EU over several years or risk banks leaving the country, sources familiar with the matter have said.

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