Top banker calls for clarity on British position on EU talks
 

LONDON: Britain needs to build a new international model for financial services after its decision to quit the European Union, a top banker representing an industry lobby group said on Thursday. John McFarlane, chairman of TheCityUK, which promotes Britain´s financial services sector, called for stable and effective political leadership and clarity on what the UK wants from talks with the EU after its "self-inflicted wound". McFarlane, who is also chairman of Barclays, said "we neither k**w the shape or direction of things to come". "It´s far from certain what we might be able to secure from discussions with the EU," he told TheCityUK annual conference.

UK is **t expected to begin talks with Brussels until the autumn after a new prime minister has been chosen, and the talks could take years to reach a deal on new trading terms.

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