Birmingham must not be hit by Brexit financial woes

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Commenting on reports that London could lose it's EU clearing role, and the continuing rise in inflation, Lee Dargue, LibDem Parliamentary Spokesperson for Birmingham Ladywood, said:

"We see business beginning to relocate out of Britain to maintain EU in preparation for our exit. Now the Tory and Labour pursuit of Brexit-at-all-costs is beginning to hit the financial sector.

"In Ladywood, we are really excited to have HSBC relocation it's customer banking operation from London, to the heart of the great city of Birmingham. Further financial woes could put future prospects at risk. "It's welcome news to hear France and Germany stand ready to support the UK should realise they need a change of heart.

"We also see inflation rising, again, as the pound stays low in value - meaning people are being pressed with further rises in costs for food and clothes. We must have financial security to stop this getting worse - and so it's vital all parties work together to stop this from happening"