Brexit white paper: UK and EU won't have current levels of access to each other's markets

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Government calls for new economic and regulatory arrangements for financial services
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Government calls for new economic and regulatory arrangements for financial services

The government has backed down from its calls for mutual regulatory recognition post Brexit and will now push for a deal that will see UK and EU financial services firms' access to each other's markets scaled back when the country leaves the bloc.

In its long-awaited Brexit white paper, published on Thursday (12 July), the government called for "new economic and regulatory arrangements for financial services", which it argues would "preserve...

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