ABI Response to Hammond Speech

Latest news from the Association of British Insurers on the tricky topic of Brexit and the subsequent impact on the UK’s huge finance sector.

Responding to this afternoon’s speech by Chancellor Philip Hammond on the way forward for a financial services agreement post Brexit, Director General of the Association of British Insurers (ABI) Huw Evans said:

 “It would defy common sense not to have a Brexit deal on financial services so we welcome the Chancellor’s commitment today. It’s now time for everyone to drop the dogma and get round the table.

The insurance and long-term savings sector is already well integrated and our regulations are aligned so if the will is there, a deal that works for everyone can be done. Insurers across the EU and in the UK must have legal certainty they can pay their customers and it is vital we maintain the flow of skilled labour between the UK and EU that will keep the UK a world leader.”

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