Barnier Gets Tough With UK on Brexit

European Union Chief Negotiator Michel Barnier dug in and stressed a hardline trade position just as U.K. Prime Minister Theresa May’s key ministers were starting to unite behind a Brexit policy that may soothe rifts in her Cabinet.Barnier used an interview with the Guardian newspaper published late Monday to rule out a special carve-out for the U.K. financial services industry and warn that Britain will have to abide by any new rules drawn up by the EU during a transition period after leaving the bloc.His comments, which underline the EU’s determination not to let the U.K. enjoy the benefits of membership after leaving, came hours after May’s core Brexit team met to discuss what kind of trade deal the U.K. will seek with the bloc when talks start early next year.

Source: Michel Barnier Doubles Down on Brexit – Bloomberg

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