Update: Barnier rules out special Brexit deal for City

David Davis had sought "Canada Plus Plus Plus" deal

Mike Sheen
clock • 3 min read

The European Union's chief Brexit negotiator Michel Barnier has said "there is no place" for a bespoke deal to protect the City of London's ability to trade on the continent.

Barnier said if the UK leaves the European single market - as Prime Minister Theresa May has indicated - then the country's financial services sector must forfeit its ability to trade freely with the EU, according to the Telegraph. In an interview with a number of newspapers, Barnier said "there is no place (for [financial services]" in any agreement. He said: "There is not a single trade agreement that is open to financial services. It doesn't exist." Barnier blamed this on the "red lines that the British have chosen themselves". "In leaving the single market, they lose the fin...

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