Economy and macroUpdated Yesterday

Bloomberg: Burnham’s government keeps automatic EU alignment off the financial-services table

Bloomberg reports, citing unnamed officials, that Burnham’s government does not intend to adopt EU financial-services rule changes automatically. Officials reportedly described dynamic alignment in the sector to EU counterparts as a red line. A government spokesperson declined to comment on the ongoing negotiations. Bloomberg says this continues the previous Starmer government’s approach; talks may still include alignment in areas such as agriculture and energy. If Burnham pursued a return to the EU or the single market—possibilities he has not ruled out—the report says that could require following EU financial rules.

1 publisher1 report

Coverage started Yesterday