U.K. Sees Close EU Ties Post-Brexit With Similar Rules Enduring

Flags of the European Union (EU) fly outside the Berlaymont building ahead of a news conference at the end of the fifth round of Brexit negotiations in Brussels, Belgium, on Thursday, Oct. 12, 2017.Photographer: Dario Pignatelli/Bloomberg
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The U.K. set out its goals for the post-Brexit economic partnership with the European Union, calling for the future trade deal to break new ground and allow mutual recognition of each other’s rules.

Reiterating much of what Prime Minister Theresa May has set out in her speeches, the presentation called for mutual market access for financial services and mutual recognition of rules on goods -- something the EU has already rejected. It’s prepared to keep “in step” with the bloc’s state aid and competition rules.