Dear {{lead.First Name:default=Subscriber}},

The UK will be leaving the European Union (EU) in less than a year. In response, financial organizations are opening new EU hubs. Many within the UK are worrying about a potential loss of talent to rival financial centers and lower foreign investment as the City of London’s appeal has the potential to fade.

European trading difficulties after Brexit are expected by 80% of UK businesses, a study by VAT consultancy firm Accordance reported last week.

Despite this, 60% of respondents do not have a strategy to combat the impact on their business’ VAT position after March 2019, it found.

But where there are challenges, there are usually opportunities.

According to a recent Prodigy Finance survey, nearly 90% of alternative finance executives see their industry either growing or remaining the same after Brexit.

Breaking it down further, the data reveals that a small majority (58%) of respondents believe that the alternative finance industry in the UK will grow post-Brexit, with a further 30% expecting the industry to remain the same.

Read more on this topic here.

Kind regards,

Vicky Beckett

Editor, The Global Treasurer