Retreat

Theresa May confirms plan to keep UK wedded to EU rules after Brexit

8 monthes ago   |   By Business Insider

REUTERS/Simon Dawson
LONDON - Theresa May has confirmed her plan to keep the United Kingdom wedded to European Union rules after Brexit in a white paper published on Thursday afternoon.
The UK government has released its highly-anticipated white paper on its desired post-Brexit relationship with the EU The 100-page document follows a meeting of ministers at Chequers, the prime minister's official retreat, last week. See the rest of the story at Business Insider NOW WATCH: North Korean defector: Kim Jong Un 'is a terrorist' See Also: Why Theresa May's Conservative enemies cannot yet force...
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The UK is set to concede a major defeat to the EU in its post-Brexit vision for the City of London

The UK is set to concede a major defeat to the EU in its post-Brexit vision for the City of London

8 monthes ago   |   By Business Insider

WPA Pool/Getty Images
Theresa May steps back from plans for the City of London to have "mutual recognition" with the EU on financial services rules.
A new approach, based on the principle of equivalence, will be set out in her much anticipated White Paper.
The proposal will effectively be like "cohabiting but without the same commitment as marriage."
Britain is prepared to have a much more distant relationship with the European Union's financial services sector after Brexit, and is ready to move away from plans for a system of "mutual recognition," according to a report from the Financial...
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