Chancellor pushes post-Brexit financial services free trade deal

Hammond gave speech on 7 March

Hannah Godfrey
clock • 2 min read

Chancellor Philip Hammond has told European leaders it is in the interest of both the UK and the European Union to include financial services in a post-Brexit free trade agreement.

His speech offered some clarity on the direction the government hopes to take financial services once the UK has left the EU. According to the BBC, the Chancellor of the Exchequer said: "I am clear not only that it is possible to include financial services within a trade deal, but that it is very much in our mutual interest to do so." However, the report said President of the European Council Donald Tusk rejected the proposals. Tusk said a trade deal including financial services "does not exist", according to the report. Hammond added it did not surprise him that the "EU had set ou...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Your profession

What do younger clients really want from their adviser?

What do younger clients really want from their adviser?

'They're going to need all the help they can get'

Justin Cash
clock 21 October 2026 • 5 min read
CII and PFS celebrate more than 300 chartered graduates

CII and PFS celebrate more than 300 chartered graduates

347 graduate from CII and PFS

Sophia Panayi
clock 21 October 2026 • 2 min read
True Potential Wealth Management CEO calls for 'clear set of decisions' in upcoming Budget

True Potential Wealth Management CEO calls for 'clear set of decisions' in upcoming Budget

Short-term policy decisions ‘disturb’ advice landscape

Sophia Panayi
clock 20 October 2026 • 2 min read