Early 2018 is crunch time for banks' Brexit decisions: UK officialLONDON (Reuters) - Many international banks and financial services firms based in Britain will decide in the first quarter of next year whether to move operations away from Britain ahead of Brexit, a senior official at Britain s finance ministry said on Wednesday. Katharine Braddick, the ministry s director general for financial services, said banks using Britain to serve clients in the European Union were showing the most urgency in considering relocation plans.  Those plans, if you like, harden, become more firm, at the point at which they start to alter contractual paperwork. For most of the firms that we talk to that will fall at some point in the first quarter of next year,  Braddick told lawmakers.  worldnews
early crunch time banks brexit decisions uk officiallondon reuters many international banks financial services firms based britain decide first quarter next year whether move operations away britain ahead brexit senior official britain finance ministry said wednesday katherine braddick ministry director general financial services said banks using britain serve clients european union showing urgency considering relocation plans those plans like garden become firm point start alter contractual paperwork for firms talk fall point first quarter next year braddick told lawmakers worldnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: Early 2018 is crunch time for banks' Brexit decisions: UK officialLONDON (Reuters) - Many international banks and financial services firms based in Britain will decide in the first quarter of next year whether to move operations away from Britain ahead of Brexit, a senior official at Britain s finance ministry said on Wednesday. Katharine Braddick, the ministry s director general for financial services, said banks using Britain to serve clients in the European Union were showing the most urgency in considering relocation plans.  Those plans, if you like, harden, become more firm, at the point at which they start to alter contractual paperwork. For most of the firms that we talk to that will fall at some point in the first quarter of next year,  Braddick told lawmakers.  worldnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: early crunch time banks brexit decisions uk officiallondon reuters many international banks financial services firms based britain decide first quarter next year whether move operations away britain ahead brexit senior official britain finance ministry said wednesday katherine braddick ministry director general financial services said banks using britain serve clients european union showing urgency considering relocation plans those plans like garden become firm point start alter contractual paperwork for firms talk fall point first quarter next year braddick told lawmakers worldnews