The City of London is working up plans to secure a deal that will allow its different sectors to keep trading with Europe after Britain leaves the EU.
It is understood representatives from the UK’s financial sector will next month attend a meeting of the cabinet committee for Brexit, led by the prime minister, to present their initial policy ideas.
The City will seek a deal similar to the one struck by Switzerland, effectively abandoning hopes of the full access to the EU single market enjoyed by Norway, according to a report in the Financial Times.
The report suggests City officials believes it would be too difficult – both politically and practically - to secure a Norway-style deal. Norway has access to the single market and therefore must accept the free movement of people, but because it is not a member of the EU, it does not have a say in how the rules are set. Full story...
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It is understood representatives from the UK’s financial sector will next month attend a meeting of the cabinet committee for Brexit, led by the prime minister, to present their initial policy ideas.
The City will seek a deal similar to the one struck by Switzerland, effectively abandoning hopes of the full access to the EU single market enjoyed by Norway, according to a report in the Financial Times.
The report suggests City officials believes it would be too difficult – both politically and practically - to secure a Norway-style deal. Norway has access to the single market and therefore must accept the free movement of people, but because it is not a member of the EU, it does not have a say in how the rules are set. Full story...
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