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Brexit

Fears of a Brexit crash-out return to haunt the City

If negotiators fail to reach an agreement, City firms could lose access to the European markets overnight and find themselves unable to serve their EU clients from London

Monday, 6 July 2020 at 07:17

David Frost and Michel Barnier still have "significant differences" according to Frost.
David Frost and Michel Barnier still have "significant differences" according to Frost. Photo: Getty Images

Fears of a no-deal Brexit are gripping the City after Britain and the European Union failed to reach an agreement last week over future trade relationships between the two sides.

Finance bosses in the UK are bracing for “regulatory warfare” with the trading bloc as the clock ticks down to the end of Britain’s post-Brexit transition period on 31 December.