express.co.uk 26 Jan, 2021 23:00 am

Emmanuel Macron rebuffed post-Brexit City deal unless UK paid into EU budget

EMMANUEL MACRON rejected the idea of a tailored Brexit deal for the City of London, insisting Britain would have not been allowed full access to European Union markets, unless it paid into the EU budget.

Brexit negotiations with the EU have started up again, with talks on financial services.According to Lee Rotherham, the former director of Special Projects at Vote Leave, there is a simple explanation why the deal did not include an arrangement for financial services.Already in 2018, French President Emmanuel Macron rejected the idea of a tailored Brexit deal for the City, insisting Britain would have not been allowed full access to European Union markets, including financial services, unless it paid into the EU budget, accepting all its rules.Asked whether France would have sought to “punish” Britain, by insisting financial services should not be included in a UK-EU trade deal after Brexit, Mr Macron said: “I’m not here to punish or reward.

“The choice is up to Britain: it’s not my choice – but they can have no differentiated access to financial services.“If you want access for financial services, be my guest – but it means you have to contribute to the budget, and accept European jurisdiction.

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