Chequers plan would be disaster
Dear Sir, — The proposals for Brexit, as thrashed out at Chequers by our prime minister, will be a disaster for our country as they fail to protect the services sector of the UK economy, which accounts for about 80% of our GDP.
The financial services sector alone directly employs about 1.1m people and in 2017 contributed £27.3bn to the exchequer. Catherine McGuinness, the chairman of the Policy and Resources Committee of the City of London Corporation, stated that the Chequers plan was a “real blow” for the UK’s financial and related professional services sector, and warned that the sector would be less able to create jobs, generate tax and support growth across the wider economy.
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