The City of London is believed to be targeting a bespoke deal to trade with the European Union along the lines of the Swiss model, having abandoned plans for universal access to the single market.
According to the Financial Times, the deal would be similar but potentially stronger than the one brokered by Switzerland and participants are keen to present a plan to Prime Minister Theresa May in September. May is keen to have informal negotiating positions ready by early autumn so she can begin sounding out politicians in the rest of the UK and Brussels on the proposals. There had previously been plans to follow a Norwegian-style approach, where the country has access to the single market but no say in how regulations are set, and has to accept free movement of people and mak...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
