EU rebuffs Britain’s bid for ‘permanent equivalence’
‘Certain people in the UK should not kid themselves about this,’ says EU chief Brexit negotiator Michel Barnier
11 February 2020 - 19:44
Strasbourg — The EU swiftly rebuffed calls from the UK government that London’s financial services firms should enjoy continued access to the single market even if the country breaks away from the bloc’s rules after Brexit.
The UK Treasury had included the demand for so-called permanent equivalence in a draft of its opening positions for March’s trade negotiations with the EU — some of which were revealed in a document that was photographed as Chancellor of the Exchequer Sajid Javid carried it in Downing Street on Monday...
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