FSE Midlands: FCA says Brexit uncertainty now even deeper

Ryan Bembridge

November 3, 2016

The uncertainty around Britain’s exit from the European Union got worse today after the High Court ruling, the Financial Conduct Authority’s mortgage sector manager Lynda Blackwell has said.

Senior judges ruled that Prime Minister Theresa May does not have the power to bypass MPs and start the clock on a two-year window to leave the EU, thought the government will appeal against the judgement to the Supreme Court.

Blackwell said: “Due to the High Court decision today, the uncertainty around Brexit is even greater.

“No-one knows what will happen but firms still have to abide by UK/EU laws.”

May had pledged to trigger Article 50 by the end of March 2017 but this represents a setback for the government.

Blackwell was speaking at the first ever Financial Services Expo Midlands event in Coventry at the Ricoh Arena.

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