UK's Javid says finance sector is top priority as Brexit nears: Source

LONDON: British finance minister Sajid Javid told representatives of the country's financial services industry on Monday that the sector was a top priority for him as the country prepares to leave the European Union, a person familiar with the discussions said.

Brexit topped the agenda as the likelihood of Britain leaving the EU on Oct 31 without a deal with Brussels increases, a second source said. Financial firms in Britain employ large numbers of EU nationals and the sector wants to continue having the flexibility to recruit internationally to remain competive.Banks, insurers and asset managers in Britain have opened hubs in the EU to minimise disruption if there is a no-deal Brexit, making the sector one of the best prepared.

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