City bosses urge Govt to drop partisan politics on Brexit

City leaders have called for the Government to drop partisan politics and establish a cross-party approach to Brexit negotiations.

M&G chief executive Anne Richards and HSBC chairman Douglas Flint are among those backing the more cooperative approach, the Financial Times reports.

Richards urges the Government to “put narrow party politics to one side”, while Flint argues it is in the UK’s best interests to utilise talent from across the political spectrum.

“If ever there was a time for cross-party agreement, surely it is now in relation to the Brexit negotiations,” Flint says. “The UK surely would be best served with a negotiating team made up of the best talents [in the country].”

Former banker and Labour trade minister Lord Mervyn Davies and Brenda Trenowden, who runs the pro-women 30% Club, echoed those views in a 50-strong forum run by the Financial Times.

The business leaders also made calls for a “softer” Brexit and warns of the potential for asset management, banking and insurance jobs to be lost to other EU centres in the event of a hard Brexit.