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Frankfurt Pushes for U.K. to Access Single Market in Financial Services
U.K. access in financial services would bring benefits after the Brexit vote, says Frankfurt Main Finance
FRANKFURT—Frankfurt will push for the U.K. to be allowed the maximum possible access to the single market in financial services following the country’s vote to quit the European Union, even as it hopes to attract jobs from a Brexit fallout.
Frankfurt officials said that while U.K. cannot be given unconditional access to the single market, it will benefit Frankfurt to see London maintain its status as global heavyweight located in the region.
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The French government has insisted U.K. financial services would lose single-market access if the British government refuses to play by the rules of the EU. Frankfurt will press policy makers in Berlin and Brussels to grant the U.K. the maximum access possible, conditional on what trade agreement London reaches.
“We clearly disagree with any sort of punishment,” Mr. Väth said.