Quite right Mista, and our financial services are the life blood of our invisible earnings stream. It may have been easy to get round the basic passporting aspects via subsidiaries still in the EU (eg Ireland, Cyprus, Luxemburg etc) as little more than paper homes, but that does not altogether get around the commercial problems that the EU can create. Solvency requirements are more or less consistent across the EU, but that does not mean that tariffs could not be applied to create competetive edges for EU financial service companies.

I find myself agreeing (for once in a long time) with rA that we cannot finalise an agreed detailed exit plan whilst the distraction of covid still hangs around taking (rightly) 100% of all countries' governmental focus. This leaves us with the chestnut of delay (in unprecedented conditions) or no deal exit once again looms. The whole process will take several years even after the magical day of 31-12 (and thats just sorting VAT out!) so is it really crucial to jump when unprepared?