Rishi Sunak today suggested he has given up on striking a post-Brexit deal on financial services with the EU as he said the UK is 'moving forward' and will set its on rules.Insurance Loans Mortgage Attorney Credit Lawyer
The UK has been pushing for the bloc to grant equivalence to Britain's financial services sector to make it easy for firms in the City of London to access markets on the continent.
But Mr Sunak said the 'ambition' to strike a deal 'has not happened' and the UK now has the 'freedom to do things differently and better'.
The Chancellor said the UK will use that freedom 'fully' in a sign that firms in the City could now shift more of their focus to non-EU markets.
However, Mr Sunak said that 'the EU will never have cause to deny the UK access because of poor regulatory standards' as he insisted rules will