PM says Brexit deal must be predictable for the City
Prime Minister Boris Johnson has sought to reassure the City about a post-Brexit trade deal with the European Union, saying it should provide a predictable, transparent and business-friendly environment for financial services firms.
In a written statement to parliament, the PM also said there should be obligations on market access and fair competition.
The statement followed a major speech in London in which Johnson laid out the government’s position on an EU trade deal and warned that Britain would not align with the bloc’s rules.
Such a hard-line position worries many firms in the City, which are keen to keep as much access to EU markets as possible. The pound had fallen 1.4 per cent against the dollar by 3pm to stand at $1.302.
In a sign of the row brewing betw...
