U.K. in ‘Preliminary Foothills’ of EU Financial Services Talks
- Chancellor of the exchequer testifies to lawmakers Wednesday
- Says he remains ‘ambitious’ about making progress in talks
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The U.K. is not yet in any “substantive discussions” with the European Union about a future relationship in financial services, Chancellor of the Exchequer Philip Hammond said on Wednesday.
“We’ve only just got past the agreement on the implementation period, we haven’t yet come to substantive discussions on the future partnership. But we are in the preliminary foothills of exploring what might be possible in financial services,” Hammond told Parliament’s Treasury Committee. “We remain ambitious to make progress.”