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UK Warns Of Financial Crisis Threat If EU Blocks Brexit

“Before talks get underway, global financial institutions are already exploring how Brexit will impact operations” reports The publication noted that both ministers were in Germany this week to participate in talks of a Brexit deal between business groups and EU officials.Blocking the U.K.’s exit from the European Union could spark the next global financial crisis, according to warnings issued by two U.K. policymakers.The U.K. is said to be championing a better deal for its exit from the EU than the EU may want to offer.Hammond and Davis called for cooperation between EU and U.K. regulators to work out trade deals in the goods and financial services market, according to reports.

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