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Brexit news: EU threatens UK firms in Brexit power grab – plot to steal businesses | Politics | News


| UPDATED: 14:26, Tue, Jan 26, 2021
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Eurocrats are refusing to offer firms any wriggle room during the pandemic and demanding that they relocate to the Continent immediately. London-based TP ICAP yesterday said they were blocked for serving its EU clients because they hadn’t completed a planned relocation of staff to Paris. The firm was due to move 80 brokers from the UK to its new outpost in Paris last year before the end of the Brexit transition period. ....

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Brexit news: EU chief's threat to lock City out of bloc in response to Brexit plan | Politics | News


| UPDATED: 15:21, Wed, Jan 20, 2021
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Ireland’s European commissioner said introducing “light touch” financial services rules could see UK bankers and fund managers locked out of the European market. Mairead McGuinness, who is in charge of the bloc’s financial services, insisted the City would have to be sufficiently robust if it wants to continue doing business with its European counterparts. The eurocrat said she would not grant “equivalence” to UK financial services until the UK gives more information on how it plans to deviate from EU rules. ....

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