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An Audience With

‘If the EU is unduly difficult, we may change our approach’: MP Bim Afolami on saving post-Brexit regulation

The MP for Hitchin and Harpenden reflects on how EU regulators are hindering opportunities for UK financial services

As a former senior executive in the corporate restructuring group at HSBC and a corporate lawyer at Magic Circle firm Freshfields Bruckhaus Deringer before heading into politics, Bim Afolami is well acquainted with the needs of the City
As a former senior executive in the corporate restructuring group at HSBC and a corporate lawyer at Magic Circle firm Freshfields Bruckhaus Deringer before heading into politics, Bim Afolami is well acquainted with the needs of the City Photo: Danilo Agutoli for FN

In the embers of Brexit, a battle for the soul of the City is raging. In one camp are those who believe that the priority must be to cut red tape to ensure London remains competitive on the global stage; in the other, are those unwilling to let go of the crown jewel of consumer protection.

Reading up on his background, one may well have put Abimbola, or Bim, Afolami into the former category. He was elected MP for Hitchin and Harpenden in the 2017 general election with a comfortable Tory majority, which he defended in 2019’s vote.

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