U.K. Finance Remains Downbeat on EU Access Without a Brexit Deal
- Bank lobby, PwC strike concerned notes on equivalence
- Tech group also warns U.K.-EU data sharing is at risk
A double-decker bus travels across Waterloo Bridge in front of skyscrapers in the City of London.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
The British finance industry won’t secure more access to European Union markets while politicians disagree over the broader post-Brexit trade deal, industry figures told a parliamentary hearing Wednesday.
Finance barely features in the deadlocked political talks, yet the lack of progress has snarled up separate work that will enable U.K. firms to trade within the bloc in limited ways, replacing the sweeping “passport” rights of EU membership, they said.