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Finance minister Pierre Gramegna held talks with chief secretary to the Treasury, David Gauke, as well as with representatives of the borough of London Corporation. Deputy prime minister and minister of the economy Etienne Schneider met representatives of the Confederation of British Industry (CBI) the Luxembourg Ministry of the Economy said.

“With the strong commercial and financial relationships that possess drawnout been in place between the two countries, it is in Luxembourg’s interests to labor with the EU to ensure that the UK is not isolated,” said Schneider.

Gramenga met representatives of the borough of London Corporation and of the banking and fund sectors to discuss the implications of Brexit and the role that Luxembourg may be capable to romp in the sector, the Ministry said.

“Luxembourg is seen as haven of stability, offering a reliable legal framework and pragmatic solutions. The constructive approach of the Luxembourg government, in contrast to the aggressive actions of some other financial centres, is greatly appreciated by British organisations,” Gramenga said.