It's in YOUR interest! May warns Brussels over charging UK for market access
THERESA MAY issued a warning to Brussels insisting Britain had already agreed on a so-called Brexit divorce bill and “it’s to the benefit of the EU” to offer a wide-ranging trade deal, including financial services.
The Prime Minister said the City of London is “hugely important as a global financial centre” as she cautioned European Union leaders about the dangers of excluding the UK’s financial services industry from European markets.
The European Commission’s chief Brexit negotiator Michel Barnier has previously claimed no deal on financial services was possible, later easing his tone to accept Britain as long as it remains under the rule of the Brussels courts and contributing to its budgets.
Speaking to Bloomberg, at the World Economic Forum event in Davos, Mrs May said: “The City of London is, obviously, hugely important for the UK, but it is also hugely important as a global financial centre for the European Union and, indeed, around the west of the world.
“I am positive for the future of the City of London. London is a really attractive place and the City has developed over a number of years as a whole ecosystem of support around the whole financial services industry.”
Mrs May has previously set out her red lines, declaring the UK will not pay for access to European markets.
French President Emmanuel Macron urged the Prime Minister to withdraw slightly on withdrawal on those demands in order for a deal to be struck.
Mrs May continued: “In December, we reached a success negotiation on the first phase of our Brexit talks with the EU.
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