UK Will Lose Banking Passports, EU Says, Insisting ‘Brexit Means Brexit’
European Commission member in charge of Brexit negotiations with Britain, Michel Barnier arrives before a speech on the future of Europe in Brussels on Nov. 20, 2017. The EU is ready to offer Britain the "most ambitious" free trade deal if it meets its conditions on Brexit, Barnier said. Thys/AFP/Getty Images
The EU tried to turn the tables on the “Brexit means Brexit” mantra on Monday—insisting that it means no cherry-picking of EU perks and an end to the lucrative access of the “financial passport” system by the UK.
Michel Barnier, the chief EU negotiator in the Brexit deal said British banks will lose “passporting rights” to do business in the European Union after Brexit.
Simon Veazey
Freelance Reporter
Simon Veazey is a UK-based journalist who has reported for The Epoch Times since 2006 on various beats, from in-depth coverage of British and European politics to web-based writing on breaking news.
