Biba warns of "huge uncertainty" and calls for urgent progress with new EU free trade agreement as Article 50 is triggered
The British Insurance Brokers’ Association (Biba) has warned that having no clear agreement in place for the right to carry out cross border trade with the EU, as is currently possible, creates huge uncertainty for the UK market.
The warning followed Theresa May’s letter triggering Article 50 which has started the two-year clock ticking on the UK’s withdrawal from the EU.
According to the trade body 2,758 insurance brokers possess passports to trade in the EU and UK brokers trade £7.8bn in
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