Brexit ‘is not yet done’ and could still cost UK: S&P

Brexit has not yet been done despite Britain formally leaving the EU tonight and negotiations could yet mean it will lose out on “large-scale” investments, S&P Global Ratings has said.

Both the UK and the EU will work towards striking a comprehensive agreement but may instead agree on sector-by-sector deals by the year-end deadline, which would likely not include financial services, the ratings firm said in its bulletin, called Complexities Ahead As United Kingdom Steps Into A Brave New World.