London Must Be ‘Clear Eyed’ About Prospects for EU Access

London Must Be ‘Clear Eyed’ About Prospects for EU Access

By Huw Jones
January 14, 2021, Reuters

The City of London may remain largely cut off from the European Union’s financial markets, industry officials warned on Thursday, saying a future co-operation agreement won’t automatically unlock access.

Britain’s new post-Brexit trade deal with the EU does not cover financial services, leaving the City largely isolated from its biggest customer, fragmenting markets and helping New York to pick up business, the officials said.

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