Fears of bad Brexit deal raise tension between Bank and Treasury, report says

No 11 and Threadneedle Street at loggerheads over fears Brussels will reject plans to keep close EU-financial services ties The growing risk of a bad Brexit deal for the City of London is causing severe tensions between the Bank of England and the Treasury, according to reports.Amid mounting fears that Brussels will reject plans put forward by the chancellor, Philip Hammond, for maintaining close ties with the EU for financial services, the Financial Times reported that Bank officials are at loggerheads with the Treasury over the search for a “Plan B” arrangement. Continue reading…
Via: Fears of bad Brexit deal raise tension between Bank and Treasury, report says