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LEAVE THE CUSTOMS UNION AFTER BREXIT. WHAT DOES THAT MEAN FOR A COMPANY DOING BUSINESS IN THE U.K.? MARK WILSON IS STILL WITH US. MARK WAS PART OF A CONTINGENT OF CEO'S THAT RECENTLY MET WITH THE PRIME MINISTER AND CHANCELLOR. HOW DID THAT GO? MARK: IT WAS A GOOD MEETING. THE TONE WAS INCREDIBLY CONSTRUCTIVE. I SAW A TONE FROM THE GOVERNMENT THAT WAS PRO-BUSINESS , REALIZING THEY HAD TO SORT OUT BUSINESS. FRANCINE: WHAT DOES THAT MEAN FOR THE CUSTOMS UNION? WHAT WOULD YOU LIKE FROM THE PRIME MINISTER? MARK: FIRSTLY, WE NEED TO SORT OUT THE TRANSITIONAL ENGINE, THE IMPLEMENTATION PERIOD. ONCE YOU GET THAT, YOU GET MORE CERTAINTY. I THINK THERE'S WAY TOO MUCH DISCUSSION ON LABELS. HARD BREXIT, SOFT BREXIT, CUSTOMS UNION, I THINK THE LABELS ARE TOTALLY IRRELEVANT EXCEPT MAYBE POLITICALLY AND HEADLINES. IT IS WHAT WE COME OUT WITH IN THE TERMS THAT IS THE MOST IMPORTANT. FRANCINE: HOW IS YOUR BUSINESS IN THE U.K.? IF IT IS PERSONAL INSURANCE, YOU LIVE IN THE U.K., THE POUND LEVEL DOESN'T IMPACT YOU AT ALL, BUT YOU ALSO ENSURE PROJECTS WITH MONEY FROM ABROAD. HAVE THEY BEEN IMPACTED? MARK: THEY HAVEN'T. WE DO QUITE A BIT OF INFRASTRUCTURE. WE LIKE THE U.K. I THINK THE RISK IS BROADLY PRICED IN. WE ARE GETTING GROWTH IN JUST ABOUT EVERY SEGMENT OF THE U.K. WE OPERATE IN. ANNUITIES, BULK ANNUITIES, WE ARE GETTING GROWTH ACROSS THE BOARD. MAYBE IN THE TIME OF UNCERTAINTY, PEOPLE GRAVITATE TOWARDS BIG BRANDS. PEOPLE MAY BE BEING A BIT MORE CAUTIOUS. I THINK THAT IS NECESSARY IN THE U.K. AS WELL. 45% OF OUR BUSINESS IS OUTSIDE THE U.K. THAT AFFECTS EARNINGS AS WELL. THE LAST 12 MONTHS -- FRANCINE: IS THERE A DANGER THAT THE BANK OF ENGLAND AND MARK CARNEY RAISE INTEREST RATES EARLIER THAN EXPECTED, SQUEEZING HOUSEHOLD INCOMES, IMPACTING THE INSURANCE INDUSTRY? MARK: RAISING RATES IS GOOD FOR SAVERS. THAT MAKES THEM MORE COMPETITIVE. I THINK WHAT THE BANK OF ENGLAND SHOULD DO IS LOOK AT IT -- THE FACT THAT THEY ARE CONSIDERING RAISING RATES IS POSITIVE ON THE U.K. ECONOMY. I DON'T THINK THEY SHOULD DO IT YET. THERE'S STILL TOO MUCH UNCERTAINTY. THEY SHOULD WAIT.