UK Exploring Post-Brexit Market Access Options

Britain might continue to pay billions of pounds into the European Union’s budget after Brexit to maintain single-market access for the City of London and other sectors under plans being discussed by government, the Financial Times reported.

Prime Minister Theresa May’s recent rhetoric has perturbed some investors who fear Britain could give up trying to remain in the EU’s single market in order to impose controls on immigration from the other 27 EU member states.

But the Financial Times said on Monday May had not ruled out making future payments to the EU to secure privileged access to the single market. Finance is among the sectors most likely to benefit in any deal that recognised the “equivalence” of regulatory regimes, the FT said.

Reuters

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Former Craig

Former Craig

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.