Update: Barnier rules out special Brexit deal for City

David Davis had sought "Canada Plus Plus Plus" deal

Mike Sheen
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Economic Secretary to the Treasury Stephen Barclay
Image:

Economic Secretary to the Treasury Stephen Barclay

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,...

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