UK Financial Firms Facing Tough Brexit Hurdles from the European Union

[kreslik.news]

The leaders of the EU have replied to the UK’s position voiced by Theresa May in recent days. Unfortunately for the UK financial industry, the response is far from positive. According to Brexit negotiation guidelines from the European Council, the stance of the EU is not favoring the current position of the UK Prime Minister.

The is rejecting the UK’s plans for a post-Brexit trade relationship that includes financial services. Such a deal does not appear to be in the interest of the EU, as the document calls the stance of the UK “cherry picking”.

The hard line taken by EU’s political ... (read more)