London

THE UK'S finance industry dropped its demand to maintain the current easy access to the European Union's single market once Brexit takes place.

In a 17-point list of industry priorities for the upcoming negotiations released on Thursday, TheCityUK lobby group made no mention of so-called passporting, which currently allows banks with bases in London to service markets throughout the EU. Instead, the group is pushing for a new deal that offers access and additional time to adapt.