Bank says not enough preparations being made by EU companies to keep operating in UK after it leaves bloc in March 2019

The Bank of England has warned that lending to businesses could dry up after Brexit because not enough preparations are being made by companies in the EU to keep operating in the UK after March 2019.

Companies from European Economic Area countries – EU member states, Iceland, Liechtenstein and Norway – provide about 10% of lending to UK businesses and would need to reapply for authorisation to operate in Britain after it leaves the EU.

Continue reading…

Facebook Comments

This site uses Akismet to reduce spam. Learn how your comment data is processed.