City pushes for Swiss-style trade deal with EU

Seeking bilateral agreement

Laura Dew
clock • 2 min read

The City of London is believed to be targeting a bespoke deal to trade with the European Union along the lines of the Swiss model, having abandoned plans for universal access to the single market.

According to the Financial Times, the deal would be similar but potentially stronger than the one brokered by Switzerland and participants are keen to present a plan to Prime Minister Theresa May in September. May is keen to have informal negotiating positions ready by early autumn so she can begin sounding out politicians in the rest of the UK and Brussels on the proposals.  How could the 'third party regime' potentially work for UK asset managers post-Brexit? There had previously been plans to follow a Norwegian-style approach, where the country has access to the single market bu...

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