On Brexit, TTIP and the City of London

Beyond the specifics of the future relationship, in the short-to-medium-term a degree of honesty and humility is warranted. The EU line on financial services is not going to crack, and the member-states do not believe they need the City as much as the City believes they should. If the UK is unwilling to change its Brexit negotiating red lines, and in particular its plan to leave the single market, the only way for a UK-based financial institution to guarantee its continued ability to service EU-27 customers post-Brexit is to establish itself within the EU-27. And the EU is rolling out the red carpet.

• Primary Source

Open Europe, 04.07.18: The significance of London’s financial cluster for the EU27 https://openeurope.org.uk/today/blog/the-significance-of-londons-financial-cluster-for-the-eu27/

ESO: In Focus: Brexit - The United Kingdom and the European Union http://www.europeansources.info/record/brexit-the-united-kingdom-and-the-european-union/

ESO: Find further information sources in ESO relating to Brexit and financial services http://www.europeansources.info/advSearchLink?keyword=financial%20services%20brexit%20after%20&searchOption=all

ESO: Background information: Brexit and financial services http://www.europeansources.info/record/brexit-and-financial-services/

ESO: Background information: The impact of the UK's exit from the EU on the UK-based financial services sector http://www.europeansources.info/record/the-impact-of-the-uks-exit-from-the-eu-on-the-uk-based-financial-services-sector/

United Kingdom: House of Commons: Library: Briefing Paper, No.7628 (12.07.18, and periodically updated): Brexit & financial services (et al) http://www.europeansources.info/record/brexit-financial-services-2/

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