THE FORMER president of Switzerland Kaspar Villiger has blasted the British vote to leave the EU, claiming it was a result of “stupidity” and suggesting the 2016 EU Referendum was “not clear enough” for Britons to fully understand.
The threats of a poor deal, onerous regulation and an exodus of talent are receding, say industry insiders
While the country’s tiny capital, Luxembourg City, may not rank as high as London or Paris on the fame scale, employment figures tell a story of success.
The unlikely allies vow a blizzard of contentious measures, threatening to cancel VAT rises, overturn key market reforms, introduce a universal "basic income" for the poor, and launch a fiscal blitz in open defiance of EU spending rules.
There are 38 million people living in Europe outside Britain who have policies with U.K. insurers, according to Nicky Morgan, chair of Parliament’s Treasury Committee.
The so-called equivalence system works on the basis of Brussels granting access to the EU for banks, insurers and asset managers from outside the bloc if the bloc deems their home rules to be similar enough.