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Brexit news: EU plots to punish London as Brussels spooked by Sunak's 'Big Bang 2.0' | Politics | News

| UPDATED: 14:06, Fri, Jan 22, 2021
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Top eurocrat Mairead McGuinness suggested the EU would restrict the City of London’s access to European firms to force through a post-Brexit exodus of workers and capital to the Continent. The financial services commissioner is responsible for bolstering euro-based markets while also limiting their reliance on Britain. As UK and EU officials draw up plans for future financial services cooperation, Ms McGuinness insisted there must be “change” in their relationship. ....

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Brexit news: EU ordered to draw up 'masterplan' to snatch business away from UK | Politics | News

| UPDATED: 16:04, Mon, Jan 18, 2021
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A senior MEP dismissed Brussels’ “wait and see” policy and insisted the approach would hinder Europe’s financial services industry. German Markus Ferber, of the European People s Party, said the plan should also curb the reliance on the dollar on international markets. The veteran MEP said: “We need a clear step-by-step masterplan that helps key financial sector businesses move from the United Kingdom to the European Union. ....

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