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UK financial lobby TheCityUK forms Brexit task force

Reuters - UK Focus

July 7 (Reuters) - UK-based financial lobby TheCityUK held its first Brexit task force meeting on Thursday and said it wants to send a clear message from industry to policymakers "to achieve an outcome which is in the best interests of the UK to safeguard its economic prosperity".

TheCityUK, which was against a Brexit, itemised a list of "demands" for policymakers if Britain voted to leave the EU, the Daily Telegraph reported before the referendum. (http://bit.ly/28OkFC9)

Since Britons voted on June 23 to leave the European Union there have been fears of an exodus from the City of London (LSE: CIN.L - news) if access to the EU's single market becomes significantly harder.

Five U.S (Other OTC: UBGXF - news) . investment banks, including JPMorgan (LSE: JPIU.L - news) and Goldman Sachs, promised British finance minister George Osborne on Thursday that they would try to help London retain its top spot as a financial centre, but gave no commitment on jobs following Britain's vote to leave the EU. (Reporting by Bhanu Pratap in Bengaluru; Editing by Alexandra Hudson)