No Brexit trade deal on financial services - minister

The European Council President has warned that a "pick and mix" approach to Brexit is out of the question, as he unveiled the EU Parliament's latest draft guidelines for the bloc's future relationship with the UK.

The UK would like a mutual recognition system so financial services will still have access to the European Union on the premise that regulatory standards are at the same as current global rules. Philip Hammond said it was hard to imagine "any future UK-EU deal which would not include financial services would be fair and balanced".

Consumers and businesses across the EU would pay the cost if an attempt was made to break up the City's European role he said.

"It is about time the Prime Minister realised that the proud British people are sick and exhausted of being pushed around by the "cultured thugs" of the European Union and reclaiming our fishing industry would be a bloody good place to start the fightback!"

The EU's favourite piece of Brexit jargon means that Britain can not pick the bits of the union it likes - access to Europe for its financial services industry for example - and drop the bits it doesn't - such as free immigration for EU nationals.

Prime Minister Theresa May set out her proposals for a new wide-ranging free trade agreement (FTA) in a speech on Friday last week (March 2). Mrs May herself pointed out that all free-trade deals are bespoke, so they include elements of cherry-picking.

However, during a visit to London on Tuesday, Mr Le Maire said the particular circumstances of the financial services industry meant it could not be covered within the scope of a free trade agreement.

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The amount has but now surpassed $6,000. "I never got to the point where I could see a future with somebody so much", Kufrin said. And I want to do this in front of everyone because I want to show you that I should have done this a long time ago".

The comments come as European Union chiefs were compared to gangsters who are "throwing threats of violence around" to get what they want on Brexit.

However, he also said there could be "no winners" on Brexit, and that any agreement would be the first one to "loosen economic ties instead of strengthening them".

He said destabilising the peace process in Northern Ireland "must be avoided at all costs" and that it is up to the United Kingdom to put forward a "specific and realistic plan" to avoid a hard border.

But he added he expected Britain to get an agreement similar to what it has been asking for. This relationship could be based on four pillars: trade and economic relations, foreign policy, internal security and thematic cooperation, for example on cross-border research and innovation projects.

He said: "Unless we take back full ownership and control of our waters, Brexit will have been betrayed".

Mr Johnson said the issue "has understandably a great deal of political, emotional charge" and it was "all too forgivable for politicians to wish to be absolutely certain about how things will work".

In December, also with the active participation of the Taoiseach, we addressed the most hard issues resulting from the UK's departure in 2019.

  • Megan Austin