May Said to Offer No Brexit Favors for London Banks

The video discusses the market's reaction to Brexit negotiations, focusing on the financial services sector. It highlights the disappointment of banks as Theresa May's administration shows no preference for financial services in the talks. Despite banks contributing significantly to the UK economy, their requests for special status and a transitional deal are being rebuffed. The lack of an interim deal is causing market concerns, with key business groups like City UK and the British Bankers' Association seeking a transitional period to adapt to the post-Brexit world.

What is Theresa May's stance on financial services in the Brexit negotiations?

What were the banks hoping to achieve in the Brexit talks?

How much does the financial services sector contribute to the UK economy annually?

What kind of deal are businesses seeking during the Brexit negotiations?

What is the proposed duration for the transitional deal discussed by businesses?