Brexit blow as hardline eurocrats move to lock financial services out of future trade deal

25 Apr

That includes submitting itself to the jurisdiction of the European Court of Justice, which is likely to be unacceptable to the Government. Pulling the UK out of the Luxembourg court is one of Theresa May’s redline Brexit pledges.

The alternation marks a significant shift from the original guidelines, published last month, which only stated that any future trade agreement should “not endanger financial stability in the Union and encompass safeguards against unfair competitive advantages”.

It was agreed by eurocrat advisers to the 27 remaining EU member states yesterday and will be discussed by their leaders at a special Brexit summit on Saturday. 

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