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Hammond Demands Brexit Trade Deal for Banks in Challenge to EU

  • Chancellor wants ‘bespoke’ accord for financial services
  • France’s Le Maire rejects U.K. plan for FTA covering banks
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EU Ready to Discuss Cooperation on Financial Services With U.K.

The European Union needs the U.K.’s world-leading financial services industry to stay strong after Brexit, Chancellor of the Exchequer Philip Hammond will say, as he warns “skeptics” there’s no excuse for blocking a deal.

In a tough message aimed at European politicians who have previously ruled out such a deal, Hammond will insist that every trade agreement the bloc strikes is unique -- and the Brexit accord should be “so much better” than any other.