While some people are trying to politicise Brexit and, the
real essence of the outcome of the referendum as decided by the British people,
other countries competing against the City of London are exploring ways of taking full
advantage of the decision of the UK to leave the EU.
The latest of such is coming from Wilbur Ross who said other
competitive nations should view Brexit as a “God-given opportunity” against the
City of London in financial services.
American President-elect, Donald Trump’s trade boss has commended
other nations competing to overtake the City of London, to use this opportunity
to lure businesses away from the United Kingdom.
The UK according to Wilbur Ross, is encountered with a “period
of confusion” as a result of the outcome of the June 23 referendum to leave the
EU, saying it was "inevitable" there would be "relocations"
of businesses and institutions.
The billionaire businessman added that the UK's withdrawal
from the EU was a "God-given opportunity" for London's financial
rivals. Specifically mentioning Frankfurt and Dublin.
Mr Ross will be responsible for negotiating a free trade
deal with the UK. Thus, his view on the UK’s business position potentially
brings about some kind of concerns for the Trump’s incoming regime, as the US
use Brexit to exploit Britain’s separation as result of Brexit.
Though his comments were released prior to his appointment
by Donald Trump into his cabinet. As sources said it was made to an audience of
Cypriot financiers.
"I recommend that Cyprus should adopt and immediately
announce even more liberal financial service policies than it already has so
that it can try to take advantage of the inevitable relocations that will occur
during the period of confusion," he is quoted as saying.
Accordingly, Labour said his remarks, should be a
"salutary warning" that other countries were ready to take advantage
of the UK's vulnerability.
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