Steve Webb: 'No benign stability' for financial services under Brexit govt

Webb, a former Liberal Democrat MP who currently works as director of policy for Royal London, argued that outside the mammoth task of disentangling the UK from the European Union (EU) the government's main objective will be to cut costs in light of a stalling economy. He said: "Although Chancellor Osborne has admitted the government will not be able to balance the books as it had hoped to by 2019, it still faces an enormous current account deficit and must focus on deficit reduction, anything else will be way down on the list of priorities." He explained that officials and lawyers in...