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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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.