COM has chosen English as your language setting. Business Are petro states doomed to economic catastrophe? News Brexit: Berlin nixes UK plea for bespoke banking deal Germany has said its focus remains brexit poll date preserving EU unity in the run-up to the next Brexit talks. The comments came as two top UK ministers went to Germany to appeal for a special post-Brexit deal on financial services.
The German government on Wednesday sought to pour cold water over Britain’s hopes of a bespoke post-Brexit arrangement for financial services. German Chancellor Angela Merkel’s spokesman told reporters that Berlin’s focus would remain on preserving a unified stance among the 27 EU nations as Brexit negotiations prepare to enter a critical phase. Britain’s financial services industry is expected to be one the main battlegrounds in the next stage of talks. We have always stressed the importance of the unity of the EU 27 this will continue to be our focus,” Steffen Seibert told reporters. Seibert’s remarks came in response to a joint article by the UK’s Brexit Secretary David Davis and Chancellor of the Exchequer Philip Hammond published in Wednesday’s German daily Frankfurter Allgemeine Zeitung.
In it, the two ministers appealed to the German government for a “bespoke solution” that would maximize continued economic cooperation between the UK and rest of the bloc. When we leave the European Union, we will leave the customs union and single market, but in agreeing a new model of co-operation, we should not restrict ourselves to models and deals that already exist,” wrote Davis and Hammond. The article coincided with a special visit by the two ministers to Berlin, in what has been described as “charm offensive” aimed at German lawmakers and business leaders. According to Britain’s Financial Times newspaper, the chancellor would meet with Berlin politicians to make out the case for a unique EU-UK for financial services that Prime Minister Theresa May would go on to negotiate. Davis, meanwhile, would meet with German business leaders to “try to mobilize German business to lobby for a deal that maintains close economic ties,” according to the newspaper. However, Seibert said that no one in the German cabinet was set to meet with either Davis or Hammond. Despite the UK’s faith in striking a special Brexit agreement, Brussels has repeatedly stressed that London will not be able to “cherry pick” a favorable trade relationship while refusing the free movement of people.