British Prime Minister David Cameron has warned a Brexit would weigh on the country's financial sector. He says many jobs would be destroyed.
As a further fallout from Brexit, EU officials are set to decide where to relocate the European Medicines Agency and the European Banking Authority. The decision will affect 1,000 UK-based employees.
Theresa May has met European business leaders, who warned that a 'no deal Brexit' would be catastrophic. Fifteen business groups were in London to seek reassurance over the future of UK-EU trade.
Dozens of banks are in advanced talks with the European Central Bank about moving operations to the European mainland. As Brexit nears, many London-based financial institutions are considering Frankfurt, Paris or Dublin.
The EU's chief Brexit negotiator says the bloc won't wait much longer for the UK to agree to settle its Brexit bill if trade talks are to take place in January. EU officials say the UK may have to pay up to €60 billion.
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