Brexit poses a risk to the global financial system and could spark more than 230,000 job losses in the financial sector, senior City figures have warned MPs as they called for clarity on the UK’s future relationship with the EU. Xavier Rolet, chief executive of the London Stock Exchange (LSE), warned that Brexit could have an impact on “unimaginably large” contracts which are cleared through the City and which might need to be transferred to the 27 remaining EU member states. The HSBC chairman, Douglas Flint, also giving evidence to the Treasury select committee, said that while banks did not want to move activities outside London they had to plan for the worst.
Hard Brexit threatens global financial system, City chiefs tell MPs | Business | The Guardian
Unfortunately, she ended up throwing up more uncertainty and a lack of a concrete plan that is needed right now. She heavily hinted at a "hard Brexit" —Britain focusing on immigration control and saying that "leaving the EU does not mean retaining bits of membership." While also saying in the same interview with Sky News that she "wants the best possible deal for trading with and operating within the single European market." Britain needed clarity over Brexit talk preparation, not a cloud of fog shrouding it further.
Theresa May Sky News speech: Highlights, analysis, Brexit, Article 50 - Business Insider