Prime Minister Boris Johnson’s decisive victory
in last week’s general election provided little
comfort to Britain’s once world-beating financial
services industry, which has been battered by
Brexit for more than three years.
While Johnson’s triumph buoyed optimism
that he would end the country’s long-running
political stalemate, it virtually guarantees the
U.K. will leave the European Union on Jan. 31
and starts the clock on efforts to negotiate a
trade deal with the bloc by the end of 2020.
As prime minister prepares to outline his
government’s priorities Thursday in a speech
to lawmakers, the financial industry is seeking
assurances that service businesses like theirs