Knight champions UK in single market

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The Independent Online
Knight champions UK in single market

Angela Knight, the Treasury Minister, told City leaders that a prime task for the City Promotion Panel was to argue the UK's case in financial services in the single market. This was necessary because of the distinctive way in which finance had evolved in Britain compared with mainland Europe. "Minimum standards and harmonisations therefore represent a hard battle to keep London's competitive edge sharp." The Panel, which meets next week for the second time, needed to work out how the essential interests of the City could be safeguarded in the regulatory battles ahead.

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