Sunak Says Access to U.K. Market Won’t Be a Brexit Weapon
- U.K. chancellor pledges non-political approach to equivalence
- Details come as U.K. unveils measures to boost finance sector
“We will approach equivalence in a technical way, in an outcomes-based way, and seek always to provide transparency and stability, ” said Sunak.
Photographer: Chris J. Ratcliffe/BloombergThis article is for subscribers only.
Rishi Sunak tried to offer some last-minute clarity to the financial services industry just a few weeks before the Brexit transition period ends.
At the start of a speech to the House of Commons outlining government efforts to boost the sector, the Chancellor of the Exchequer on Monday announced a series of unilateral decisions designed to ease European Union firms’ access to the U.K.’s financial markets after 2020.