May Insists Banks of ‘Huge Value’ as They Step Up Plans to Exit
- Prime minister gives strongest backing yet to City of London
- May says she believes banks will stay in U.K. after Brexit
May: Financial Services of 'Huge Value' to U.K. Economy
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Theresa May offered her strongest support yet for London’s financial district, insisting that banks are of “huge value” to the U.K. economy as executives signaled they were accelerating plans to move staff abroad after Brexit.
“I value financial services in the City of London, and I want to ensure that we can keep financial services in the City of London,” the prime minister said in an interview with Bloomberg editor-in-chief John Micklethwait at the World Economic Forum in Davos, Switzerland, on Thursday. “I believe that we will do just that.”