EU offers UK trade deal, limited access for banks
Brussels
THE European Union on Wednesday offered Britain a free trade agreement for their post-Brexit relationship, a draft text showed, outlining a much more limited cooperation than London had called for.
A draft joint position from the remaining 27 EU members, seen by Reuters ahead of its official publication later on Wednesday, said that the bloc was determined to foster a close partnership with Britain. "At the same time . . . being outside the Customs Union and the Single Market will inevitably lead to frictions . . . This unfortunately will have negative economic consequences," it read.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Vietnam tycoon appeals against US$27 billion fraud death sentence
US announces new restrictions on firearm exports
Central banks will probably only cut half as much as they hiked
US consumer sentiment falls as inflation expectations climb
HSBC wins £1.3 billion suit over Disney film finance scandal
WTO countries to reboot dispute reform negotiations